Keybank National Association OH Increases Position in SAP SE (NYSE:SAP)

Keybank National Association OH boosted its holdings in shares of SAP SE (NYSE:SAP) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,573 shares of the software maker’s stock after purchasing an additional 117 shares during the quarter. Keybank National Association OH’s holdings in SAP were worth $3,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Centricity Wealth Management LLC bought a new position in SAP during the fourth quarter valued at $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP in the fourth quarter worth approximately $27,000. Albion Financial Group UT lifted its position in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new stake in SAP during the 3rd quarter valued at about $42,000. Finally, Financial Management Professionals Inc. raised its stake in shares of SAP by 104.0% during the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SAP shares. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Barclays upped their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Stock Down 2.6 %

Shares of SAP stock opened at $279.19 on Friday. The stock’s fifty day moving average price is $271.52 and its 200 day moving average price is $245.72. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The company has a market cap of $342.98 billion, a price-to-earnings ratio of 97.28, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.