SageView Advisory Group LLC Takes $199,000 Position in SAP SE (NYSE:SAP)

SageView Advisory Group LLC acquired a new stake in shares of SAP SE (NYSE:SAP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,287 shares of the software maker’s stock, valued at approximately $199,000.

Other institutional investors also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new stake in shares of SAP during the 4th quarter valued at $31,000. Larson Financial Group LLC acquired a new position in shares of SAP during the 4th quarter valued at $33,000. Frazier Financial Advisors LLC acquired a new position in shares of SAP during the 4th quarter valued at $38,000. Partnership Wealth Management LLC acquired a new position in shares of SAP during the 4th quarter valued at $40,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of SAP by 126.8% during the 4th quarter. HHM Wealth Advisors LLC now owns 322 shares of the software maker’s stock valued at $50,000 after acquiring an additional 180 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SAP. Barclays reduced their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Sanford C. Bernstein started coverage on shares of SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price on the stock. KeyCorp started coverage on shares of SAP in a report on Thursday, March 21st. They issued an “overweight” rating on the stock. Finally, JMP Securities boosted 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $216.40.

SAP Stock Performance

SAP opened at $194.18 on Friday. The company has a 50-day moving average of $187.94 and a 200-day moving average of $178.98. SAP SE has a 1-year low of $126.75 and a 1-year high of $199.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.25.

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

SAP Increases Dividend

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

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.