SAP SE (NYSE:SAP) Shares Sold by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management decreased its holdings in SAP SE (NYSE:SAP) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,336 shares of the software maker’s stock after selling 117 shares during the period. Werba Rubin Papier Wealth Management’s holdings in SAP were worth $329,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SAP. Foster Group Inc. boosted its position in shares of SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 45 shares during the period. Wedmont Private Capital increased its stake 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 purchasing an additional 46 shares during the last quarter. Confluence Investment Management LLC lifted its holdings 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 raised its position 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 purchasing an additional 51 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its stake in SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after purchasing an additional 52 shares during the period.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SAP shares. JMP Securities boosted their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays boosted their price objective on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $248.83.

SAP Stock Up 0.6 %

Shares of SAP opened at $292.51 on Wednesday. SAP SE has a 12 month low of $174.88 and a 12 month high of $293.70. The company has a 50-day moving average price of $263.84 and a two-hundred day moving average price of $239.93. The stock has a market cap of $359.34 billion, a price-to-earnings ratio of 101.92, a P/E/G ratio of 4.76 and a beta of 1.23. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

About SAP

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.