Rosenberg Matthew Hamilton Purchases 215 Shares of SAP SE (NYSE:SAP)

Rosenberg Matthew Hamilton boosted its position in SAP SE (NYSE:SAP) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,315 shares of the software maker’s stock after buying an additional 215 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in SAP were worth $324,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wedmont Private Capital raised its holdings in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares during the last quarter. Confluence Investment Management LLC grew its position in SAP by 1.1% in the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock valued at $1,065,000 after purchasing an additional 49 shares in the last quarter. PDS Planning Inc increased its stake in SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after buying an additional 51 shares during the last quarter. Drive Wealth Management LLC lifted its position in SAP by 2.9% during the 3rd quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker’s stock worth $498,000 after buying an additional 61 shares in the last quarter. Finally, Bank of Hawaii boosted its stake in shares of SAP by 2.0% during the 3rd quarter. Bank of Hawaii now owns 3,322 shares of the software maker’s stock worth $761,000 after buying an additional 66 shares during the last quarter.

SAP Stock Down 0.8 %

SAP stock opened at $249.44 on Tuesday. The business’s 50 day simple moving average is $243.79 and its 200 day simple moving average is $226.62. SAP SE has a 1-year low of $155.82 and a 1-year high of $256.13. The firm has a market capitalization of $306.44 billion, a PE ratio of 99.78, a PEG ratio of 4.94 and a beta of 1.22. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. As a group, research analysts anticipate that SAP SE will post 4.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SAP. JMP Securities lifted their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. TD Cowen boosted their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays boosted their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.