KCM Investment Advisors LLC Invests $223,000 in SAP SE $SAP

KCM Investment Advisors LLC purchased a new stake in SAP SE (NYSE:SAP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 733 shares of the software maker’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. raised its holdings in shares of SAP by 3.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock worth $338,000 after acquiring an additional 34 shares during the period. Independent Advisor Alliance increased its position in SAP by 0.4% during the first quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker’s stock worth $2,673,000 after purchasing an additional 35 shares during the last quarter. Cordatus Wealth Management LLC increased its position in SAP by 1.1% during the first quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker’s stock worth $889,000 after purchasing an additional 37 shares during the last quarter. Sage Rhino Capital LLC raised its stake in SAP by 1.1% during the second quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock worth $1,045,000 after purchasing an additional 37 shares during the period. Finally, LCM Capital Management Inc grew its stake in shares of SAP by 1.9% in the 1st quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker’s stock valued at $557,000 after buying an additional 39 shares during the period.

SAP Price Performance

Shares of NYSE SAP opened at $251.93 on Monday. The stock’s 50-day moving average is $267.14 and its two-hundred day moving average is $284.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03. SAP SE has a 1-year low of $227.52 and a 1-year high of $313.28. The company has a market cap of $309.50 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 3.83 and a beta of 1.18.

SAP (NYSE:SAP) last announced its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter last year, the business posted $1.23 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAP has been the topic of several analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $375.00 price target on shares of SAP in a research report on Thursday, October 23rd. Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research report on Friday, October 31st. Finally, Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $284.33.

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.