Cary Street Partners Financial LLC Invests $276,000 in SAP SE (NYSE:SAP)

Cary Street Partners Financial LLC acquired a new position in SAP SE (NYSE:SAP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,123 shares of the software maker's stock, valued at approximately $276,000.

A number of other institutional investors have also recently bought and sold shares of SAP. Centricity Wealth Management LLC bought a new stake in shares of SAP in the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. raised its position in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT raised its position in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after purchasing an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of SAP in the fourth quarter valued at approximately $42,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SAP shares. JMP Securities raised their price objective on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Barclays restated an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. 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. Finally, TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and boosted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $264.00.

SAP Price Performance

SAP stock traded down $1.78 during mid-day trading on Wednesday, hitting $287.95. 1,221,845 shares of the company traded hands, compared to its average volume of 1,041,037. SAP SE has a one year low of $179.43 and a one year high of $303.40. The stock has a market cap of $353.75 billion, a price-to-earnings ratio of 100.33, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The stock has a fifty day moving average price of $270.56 and a 200-day moving average price of $262.02.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. On average, equities analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be issued a $2.5423 dividend. This represents a dividend yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's payout ratio is presently 35.25%.

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.