SAP SE (NYSE:SAP) Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC lowered its stake in SAP SE (NYSE:SAP) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,861 shares of the software maker’s stock after selling 189 shares during the quarter. BKM Wealth Management LLC’s holdings in SAP were worth $704,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Foster Group Inc. lifted its holdings in 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 buying an additional 45 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $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 worth $1,065,000 after purchasing an additional 49 shares during the last quarter. PDS Planning Inc lifted its holdings in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after purchasing an additional 51 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of SAP by 5.0% in 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 last quarter.

Analyst Upgrades and Downgrades

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

SAP Stock Down 1.1 %

Shares of SAP stock opened at $290.49 on Tuesday. SAP SE has a 1 year low of $174.88 and a 1 year high of $293.70. The stock has a market cap of $356.86 billion, a PE ratio of 101.21, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. The business’s fifty day moving average is $262.25 and its 200-day moving average is $238.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

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