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

Rosenberg Matthew Hamilton boosted its position in shares of SAP SE (NYSE:SAP) by 19.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 SEC filing.

A number of other hedge funds have also recently bought and sold shares of SAP. Wedmont Private Capital boosted its holdings in 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 acquiring an additional 46 shares during the last quarter. Confluence Investment Management LLC boosted its stake in shares of SAP by 1.1% in the 4th 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 during the last quarter. PDS Planning Inc grew its position in shares of SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after buying an additional 51 shares during the period. Drive Wealth Management LLC raised its stake in shares of SAP by 2.9% during the third 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 during the last quarter. Finally, Bank of Hawaii lifted its holdings in SAP by 2.0% in the third quarter. Bank of Hawaii now owns 3,322 shares of the software maker’s stock valued at $761,000 after buying an additional 66 shares during the period.

Analysts Set New Price Targets

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

SAP Stock Down 0.8 %

Shares of SAP stock opened at $249.44 on Tuesday. The company has a market capitalization of $306.44 billion, a P/E ratio of 99.78, a price-to-earnings-growth ratio of 4.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50-day moving average of $243.79 and a two-hundred day moving average of $226.62. SAP SE has a 1 year low of $155.82 and a 1 year high of $256.13.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the company posted $1.20 earnings per share. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that SAP SE will post 4.8 EPS for the current year.

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.