Calamos Wealth Management LLC Raises Stock Position in SAP SE (NYSE:SAP)

Calamos Wealth Management LLC lifted its holdings in SAP SE (NYSE:SAP - Free Report) by 42.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,045 shares of the software maker's stock after purchasing an additional 5,089 shares during the period. Calamos Wealth Management LLC's holdings in SAP were worth $4,576,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC raised its stake in shares of SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after buying an additional 108 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after buying an additional 66 shares in the last quarter. Founders Capital Management increased its stake in shares of SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after buying an additional 75 shares during the period. Finally, Highline Wealth Partners LLC lifted its stake in SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after acquiring an additional 77 shares during the last quarter.

Analysts Set New Price Targets

SAP has been the topic of several research reports. Barclays reaffirmed an "overweight" rating and set a $308.00 price objective (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Argus reaffirmed a "buy" rating and set a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. BMO Capital Markets lifted their price target on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company assumed coverage on SAP in a report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $271.83.

SAP Price Performance

SAP stock opened at $302.76 on Friday. The stock has a market capitalization of $371.93 billion, a price-to-earnings ratio of 58.00, a price-to-earnings-growth ratio of 4.26 and a beta of 1.30. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. SAP SE has a 52-week low of $194.93 and a 52-week high of $311.40. The stock's fifty day simple moving average is $297.12 and its 200-day simple moving average is $276.90.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. Equities research analysts expect that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were paid a dividend of $2.5423 per share. The ex-dividend date was Tuesday, May 13th. This represents a yield of 0.8%. This is an increase from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is currently 35.25%.

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.

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