Frank Rimerman Advisors LLC Acquires 2,472 Shares of SAP SE $SAP

Frank Rimerman Advisors LLC lifted its holdings in SAP SE (NYSE:SAP) by 29.2% during the third quarter, HoldingsChannel reports. The firm owned 10,952 shares of the software maker’s stock after purchasing an additional 2,472 shares during the period. Frank Rimerman Advisors LLC’s holdings in SAP were worth $2,283,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Cravens & Co Advisors LLC boosted its stake in SAP by 6.3% during the 3rd quarter. Cravens & Co Advisors LLC now owns 8,781 shares of the software maker’s stock valued at $1,831,000 after purchasing an additional 519 shares during the period. Intergy Private Wealth LLC acquired a new stake in SAP in the 3rd quarter valued at approximately $245,000. James T. Borello RIA increased its position in SAP by 45.4% in the 3rd quarter. James T. Borello RIA now owns 554 shares of the software maker’s stock worth $115,000 after buying an additional 173 shares during the period. V Square Quantitative Management LLC bought a new position in SAP in the 3rd quarter worth approximately $30,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of SAP during the third quarter worth approximately $201,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reissued an “overweight” rating on shares of SAP in a research report on Wednesday, August 12th. Weiss Ratings raised shares of SAP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. BMO Capital Markets boosted their target price on shares of SAP from $177.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. Jefferies Financial Group reiterated a “buy” rating and set a $260.00 target price on shares of SAP in a research note on Tuesday, September 22nd. Finally, Oppenheimer reissued a “market perform” rating on shares of SAP in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $264.71.

SAP Price Performance

Shares of SAP stock opened at $224.18 on Friday. The stock’s fifty day simple moving average is $213.09 and its 200 day simple moving average is $185.07. SAP SE has a one year low of $144.97 and a one year high of $281.36. The firm has a market cap of $275.41 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 2.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 1.15.

SAP (NYSE:SAP) last released its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a return on equity of 17.07% and a net margin of 20.88%. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.30 billion. During the same quarter in the prior year, the company earned $1.50 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that SAP SE will post 8.08 earnings per share for the current fiscal year.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.