BKM Wealth Management LLC Acquires 538 Shares of SAP SE (NYSE:SAP)

BKM Wealth Management LLC boosted its position in SAP SE (NYSE:SAP) by 25.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,613 shares of the software maker’s stock after purchasing an additional 538 shares during the period. BKM Wealth Management LLC’s holdings in SAP were worth $510,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SAP. Argonautica Private Wealth Management Inc. boosted its stake in SAP by 2.6% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 2,509 shares of the software maker’s stock valued at $388,000 after acquiring an additional 63 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in SAP by 5.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 1,437 shares of the software maker’s stock valued at $222,000 after acquiring an additional 70 shares during the last quarter. Blue Trust Inc. boosted its stake in SAP by 5.8% in the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after acquiring an additional 75 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in SAP by 1.8% in the third quarter. Axxcess Wealth Management LLC now owns 4,586 shares of the software maker’s stock valued at $593,000 after acquiring an additional 79 shares during the last quarter. Finally, Fiduciary Trust Co boosted its stake in SAP by 4.3% in the fourth quarter. Fiduciary Trust Co now owns 1,978 shares of the software maker’s stock valued at $306,000 after acquiring an additional 82 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. KeyCorp assumed coverage on shares of SAP in a research note on Thursday, March 21st. They issued an “overweight” rating on the stock. BMO Capital Markets raised shares of SAP from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $218.00 to $237.00 in a report on Friday. JMP Securities raised their price objective on shares of SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 23rd. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Finally, Sanford C. Bernstein started coverage on shares of SAP in a report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $220.20.

SAP Trading Down 1.2 %

SAP stock opened at $199.33 on Tuesday. The firm’s fifty day moving average price is $189.81 and its 200-day moving average price is $180.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $204.33.

SAP (NYSE:SAP) last issued its earnings results on Monday, April 22nd. The software maker reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). The business had revenue of $8.73 billion during the quarter, compared to analysts’ expectations of $8.73 billion. SAP had a return on equity of 9.79% and a net margin of 15.76%. Equities research analysts forecast that SAP SE will post 4.56 earnings per share for the current year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th were given a $2.3852 dividend. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date was Thursday, May 16th. This represents a dividend yield of 0.9%. SAP’s payout ratio is presently 37.53%.

About SAP

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.