BKM Wealth Management LLC Sells 187 Shares of SAP SE $SAP

BKM Wealth Management LLC trimmed its holdings in shares of SAP SE (NYSE:SAP) by 7.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,336 shares of the software maker’s stock after selling 187 shares during the period. BKM Wealth Management LLC’s holdings in SAP were worth $710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Bartlett & CO. Wealth Management LLC increased its holdings in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock valued at $29,000 after purchasing an additional 66 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in SAP during the 2nd quarter valued at $31,000. Dagco Inc. acquired a new stake in SAP during the 1st quarter valued at $45,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in SAP during the 1st quarter valued at $53,000.

SAP Stock Up 1.1%

Shares of SAP stock opened at $272.84 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 12 month low of $227.52 and a 12 month high of $313.28. The business has a fifty day simple moving average of $269.74 and a 200 day simple moving average of $282.45. The stock has a market cap of $335.18 billion, a PE ratio of 45.17, a price-to-earnings-growth ratio of 4.06 and a beta of 1.28.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The business had revenue of $10.58 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts predict that SAP SE will post 6.55 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on SAP. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. JMP Securities lifted their target price on SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 23rd. Barclays reissued an “overweight” rating and issued a $322.00 target price (up from $308.00) on shares of SAP in a research note on Friday, July 25th. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. Finally, Erste Group Bank cut SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $281.67.

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.