Baker Tilly Wealth Management LLC Trims Stake in SAP SE (NYSE:SAP)

Baker Tilly Wealth Management LLC reduced its position in SAP SE (NYSE:SAP - Free Report) by 64.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,311 shares of the software maker's stock after selling 2,383 shares during the quarter. Baker Tilly Wealth Management LLC's holdings in SAP were worth $352,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in SAP by 152.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock worth $101,969,000 after purchasing an additional 249,824 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of SAP by 98.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock worth $633,000 after buying an additional 1,279 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of SAP by 164.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock worth $660,000 after buying an additional 1,667 shares during the period. Atria Wealth Solutions Inc. increased its stake in shares of SAP by 89.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 5,511 shares of the software maker's stock valued at $1,357,000 after acquiring an additional 2,601 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new position in shares of SAP during the 4th quarter valued at $518,000.

Wall Street Analyst Weigh In

Several research firms have weighed in on SAP. UBS Group raised shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Wells Fargo & Company assumed coverage on SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating for the company. JMP Securities reiterated a "market outperform" rating and issued a $330.00 price target on shares of SAP in a report on Friday, May 23rd. Barclays reissued an "overweight" rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Finally, BMO Capital Markets upped their target price on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $271.83.

SAP Stock Performance

NYSE SAP traded up $2.83 during trading on Wednesday, hitting $309.22. 659,512 shares of the company's stock traded hands, compared to its average volume of 1,055,102. 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 market capitalization of $379.88 billion, a price-to-earnings ratio of 107.74, a PEG ratio of 4.71 and a beta of 1.32. SAP SE has a 12-month low of $183.23 and a 12-month high of $310.54. The business has a 50 day moving average of $279.49 and a 200-day moving average of $268.63.

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

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were issued a dividend of $2.5423 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. 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.