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

Keybank National Association OH lifted its position in SAP SE (NYSE:SAP) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Holocene Advisors LP purchased a new stake in SAP in the third quarter valued at $10,869,000. Atomi Financial Group Inc. lifted its holdings in shares of SAP by 38.9% in the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after buying an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC boosted its stake in shares of SAP by 208.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after buying an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after acquiring an additional 7,667 shares during the period. Finally, Benjamin Edwards Inc. raised its position in SAP by 1,496.4% during the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after acquiring an additional 8,380 shares in the last quarter.

SAP Trading Down 2.6 %

Shares of SAP stock opened at $279.19 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The firm has a market capitalization of $342.98 billion, a PE ratio of 97.28, a P/E/G ratio of 4.71 and a beta of 1.25. The firm’s 50-day moving average price is $271.52 and its 200 day moving average price is $245.72.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets raised their price target on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. JMP Securities raised their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $248.83.

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.