Keudell Morrison Wealth Management Has $204,000 Stock Position in SAP SE (NYSE:SAP)

Keudell Morrison Wealth Management lessened its holdings in shares of SAP SE (NYSE:SAP) by 11.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 890 shares of the software maker’s stock after selling 110 shares during the quarter. Keudell Morrison Wealth Management’s holdings in SAP were worth $204,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in shares of SAP by 21.1% in the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after acquiring an additional 4,596 shares during the period. Geneos Wealth Management Inc. raised its position in shares of SAP by 254.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker’s stock worth $33,000 after acquiring an additional 122 shares in the last quarter. Wealthspire Advisors LLC bought a new position in SAP in the first quarter worth approximately $237,000. Susquehanna International Group Ltd. bought a new stake in SAP during the first quarter worth $949,000. Finally, Susquehanna International Securities Ltd. bought a new position in SAP during the first quarter valued at about $1,384,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAP. TD Cowen lifted their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets raised their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $252.33.

SAP Trading Up 3.8 %

Shares of SAP opened at $240.19 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a one year low of $141.71 and a one year high of $243.01. The stock has a 50-day moving average price of $226.49 and a 200 day moving average price of $208.02. The company has a market capitalization of $295.07 billion, a P/E ratio of 96.08, a P/E/G ratio of 4.46 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 earnings per share. Sell-side analysts forecast that SAP SE will post 4.9 EPS for the current fiscal year.

SAP 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.