SAP SE $SAP Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC trimmed its stake in shares of SAP SE (NYSE:SAP) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

Several other hedge funds have also modified their holdings of SAP. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of SAP by 585.7% during the first 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 during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after acquiring an additional 66 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in SAP in the 2nd quarter worth about $31,000. Dagco Inc. acquired a new position in SAP in the 1st quarter worth about $45,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in SAP in the 1st quarter worth about $53,000.

SAP Stock Performance

SAP opened at $272.84 on Friday. The firm has a market capitalization of $335.18 billion, a P/E ratio of 45.17, a price-to-earnings-growth ratio of 4.06 and a beta of 1.28. The stock’s 50 day moving average price is $269.74 and its two-hundred day moving average price is $282.45. 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.

SAP (NYSE:SAP) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the firm posted $1.10 EPS. The company’s revenue was up 8.9% on a year-over-year basis. On average, equities analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SAP. Weiss Ratings reissued a “buy (b)” rating on shares of SAP in a report on Wednesday, October 8th. Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. JMP Securities increased their price objective on SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday, July 23rd. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a report on Tuesday, September 16th. Finally, Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, SAP presently has an average rating of “Buy” and an average target price 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.