Cetera Investment Advisers Has $9.23 Million Position in SAP SE (NYSE:SAP)

Cetera Investment Advisers lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 16.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,498 shares of the software maker's stock after purchasing an additional 5,399 shares during the period. Cetera Investment Advisers' holdings in SAP were worth $9,232,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SAP. Oppenheimer & Co. Inc. lifted its position in shares of SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after acquiring an additional 38 shares during the period. Alaethes Wealth LLC lifted its position in SAP by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after purchasing an additional 39 shares during the period. Lindbrook Capital LLC boosted its stake in SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after buying an additional 43 shares in the last quarter. Foster Group Inc. increased its holdings in SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock valued at $268,000 after buying an additional 45 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock worth $485,000 after acquiring an additional 46 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SAP. Barclays restated an "overweight" rating and set a $308.00 target price (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. BMO Capital Markets boosted their price target on shares of SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a report on Friday, May 2nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $264.00.

SAP Trading Up 2.1%

SAP traded up $5.99 during mid-day trading on Thursday, reaching $294.45. The stock had a trading volume of 1,049,918 shares, compared to its average volume of 1,041,080. The stock has a market capitalization of $361.73 billion, a P/E ratio of 102.60, a P/E/G ratio of 4.71 and a beta of 1.35. SAP SE has a 52 week low of $179.43 and a 52 week high of $303.40. 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 firm's fifty day simple moving average is $270.79 and its two-hundred day simple moving average is $262.20.

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

SAP Increases Dividend

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

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.