Capital Investment Counsel Inc Acquires 1,475 Shares of SAP SE (NYSE:SAP)

Capital Investment Counsel Inc grew its holdings in SAP SE (NYSE:SAP - Free Report) by 6.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,085 shares of the software maker's stock after acquiring an additional 1,475 shares during the quarter. SAP accounts for about 1.0% of Capital Investment Counsel Inc's investment portfolio, making the stock its 19th largest holding. Capital Investment Counsel Inc's holdings in SAP were worth $6,465,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SAP. Aaron Wealth Advisors LLC grew its stake in SAP by 3.5% in the first quarter. Aaron Wealth Advisors LLC now owns 8,914 shares of the software maker's stock valued at $2,393,000 after purchasing an additional 304 shares in the last quarter. FSM Wealth Advisors LLC raised its holdings in SAP by 13.2% in the 1st quarter. FSM Wealth Advisors LLC now owns 1,893 shares of the software maker's stock valued at $508,000 after acquiring an additional 221 shares in the last quarter. WCM Investment Management LLC raised its holdings in SAP by 5.5% in the 1st quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker's stock valued at $329,395,000 after acquiring an additional 63,538 shares in the last quarter. Keybank National Association OH increased its stake in shares of SAP by 1.9% in the 1st quarter. Keybank National Association OH now owns 13,830 shares of the software maker's stock valued at $3,713,000 after purchasing an additional 257 shares during the last quarter. Finally, Lansing Street Advisors increased its stake in shares of SAP by 34.3% in the 1st quarter. Lansing Street Advisors now owns 1,315 shares of the software maker's stock valued at $353,000 after purchasing an additional 336 shares during the last quarter.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of analyst reports. UBS Group upgraded SAP to a "strong-buy" rating in a research report on Friday, May 30th. Barclays reaffirmed 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. Wells Fargo & Company initiated coverage on SAP in a report on Tuesday, May 20th. They set an "overweight" rating for the company. Argus reissued a "buy" rating and set a $320.00 price objective on shares of SAP in a report on Tuesday, April 29th. Finally, JMP Securities reissued a "market outperform" rating and set a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, SAP presently has an average rating of "Buy" and an average target price of $271.83.

SAP Stock Up 1.5%

SAP stock traded up $4.60 during trading hours on Friday, hitting $302.76. 858,048 shares of the stock traded hands, compared to its average volume of 1,080,870. The firm's 50-day moving average price is $297.12 and its two-hundred day moving average price is $276.90. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The company has a market cap of $371.93 billion, a PE ratio of 58.00, a PEG ratio of 4.26 and a beta of 1.30. SAP SE has a one year low of $194.93 and a one year high of $311.40.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. On average, research analysts forecast 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. Stockholders of record on Tuesday, May 13th were given a $2.5423 dividend. This is a boost from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 13th. SAP's payout ratio is currently 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.