Ritholtz Wealth Management Acquires 1,084 Shares of SAP SE (NYSE:SAP)

Ritholtz Wealth Management grew its position in SAP SE (NYSE:SAP) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,766 shares of the software maker’s stock after acquiring an additional 1,084 shares during the period. Ritholtz Wealth Management’s holdings in SAP were worth $2,592,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bollard Group LLC acquired a new stake in shares of SAP in the second quarter valued at approximately $28,000. Column Capital Advisors LLC increased its holdings in shares of SAP by 121.0% in the third quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock valued at $29,000 after purchasing an additional 121 shares in the last quarter. FinTrust Capital Advisors LLC increased its holdings in shares of SAP by 130.8% in the fourth quarter. FinTrust Capital Advisors LLC now owns 240 shares of the software maker’s stock valued at $25,000 after purchasing an additional 136 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of SAP in the second quarter valued at approximately $25,000. Finally, Impact Partnership Wealth LLC increased its holdings in shares of SAP by 376.1% in the third quarter. Impact Partnership Wealth LLC now owns 319 shares of the software maker’s stock valued at $41,000 after purchasing an additional 252 shares in the last quarter.

SAP Stock Performance

NYSE:SAP traded down $2.06 during trading hours on Thursday, reaching $195.03. The company had a trading volume of 376,083 shares, compared to its average volume of 727,571. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. The business’s 50-day simple moving average is $182.59 and its two-hundred day simple moving average is $157.63. SAP SE has a twelve month low of $123.54 and a twelve month high of $199.29.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. SAP had a return on equity of 9.54% and a net margin of 20.30%. On average, equities analysts predict that SAP SE will post 5.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on SAP. KeyCorp began coverage on shares of SAP in a report on Thursday, March 21st. They set an “overweight” rating for the company. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays boosted their price target on shares of SAP from $156.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, January 26th. The Goldman Sachs Group boosted their price target on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $189.20.

About SAP

SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.