SAP SE $SAP Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC has reduced its stake in SAP SE by 2.9%, owning 36,886 shares valued at approximately $9.9 million after selling 1,104 shares.
• Wall Street analysts have varying ratings for SAP, with a consensus average of "Moderate Buy" and a target price of $281.67, while several firms issued buy and overweight ratings.
• SAP reported strong quarterly earnings, with $1.70 earnings per share, exceeding analyst expectations, and an 8.9% increase in revenue year-over-year.

RWA Wealth Partners LLC lessened its position in SAP SE (NYSE:SAP - Free Report) by 2.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,886 shares of the software maker's stock after selling 1,104 shares during the quarter. RWA Wealth Partners LLC's holdings in SAP were worth $9,902,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. TD Asset Management Inc increased its position in SAP by 3.8% during the 1st quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker's stock valued at $446,364,000 after purchasing an additional 60,261 shares during the period. Northern Trust Corp increased its position in SAP by 2.8% during the 1st quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker's stock valued at $406,076,000 after purchasing an additional 40,926 shares during the period. Bank of America Corp DE increased its position in SAP by 5.7% during the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock valued at $323,720,000 after purchasing an additional 70,613 shares during the period. GAMMA Investing LLC increased its position in SAP by 31,239.5% during the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after purchasing an additional 1,302,061 shares during the period. Finally, WCM Investment Management LLC increased its position in SAP by 5.5% during the 1st quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker's stock valued at $329,395,000 after purchasing an additional 63,538 shares during the period.

SAP Stock Performance

NYSE:SAP traded down $1.8350 during trading hours on Wednesday, hitting $272.3950. 1,249,016 shares of the company were exchanged, compared to its average volume of 1,799,159. The stock has a market capitalization of $334.64 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 3.94 and a beta of 1.27. SAP SE has a 52-week low of $210.38 and a 52-week high of $313.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The company's 50 day moving average price is $293.48 and its 200-day moving average price is $285.05.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. SAP's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. As a group, research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research reports. Piper Sandler initiated coverage on shares of SAP in a research report on Tuesday, June 17th. They set an "overweight" rating on the stock. Barclays reissued an "overweight" rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. BMO Capital Markets raised their price target on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Finally, JMP Securities raised their price target on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $281.67.

SAP 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.