Cerro Pacific Wealth Advisors LLC Takes Position in SAP SE (NYSE:SAP)

Cerro Pacific Wealth Advisors LLC bought a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 852 shares of the software maker's stock, valued at approximately $210,000.

Several other large investors have also modified their holdings of SAP. GAMMA Investing LLC lifted its position in SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after acquiring an additional 1,302,061 shares during the last quarter. WCM Investment Management LLC acquired a new stake in SAP in the fourth quarter worth about $290,023,000. TD Asset Management Inc. grew its stake in shares of SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after acquiring an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after acquiring an additional 798,037 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of SAP by 91.2% during the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after acquiring an additional 701,880 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAP. Argus restated a "buy" rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. Barclays reaffirmed an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. UBS Group upgraded SAP to a "strong-buy" rating in a research note on Friday. Finally, BMO Capital Markets upped their target price on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, SAP has a consensus rating of "Buy" and an average target price of $271.83.

SAP Trading Up 0.7%

SAP stock traded up $2.20 during midday trading on Tuesday, hitting $306.86. 1,256,298 shares of the stock were exchanged, compared to its average volume of 1,055,483. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $376.98 billion, a price-to-earnings ratio of 106.92, a PEG ratio of 4.71 and a beta of 1.35. The stock's 50-day simple moving average is $278.72 and its 200 day simple moving average is $268.37. SAP SE has a fifty-two week low of $181.84 and a fifty-two week high of $308.07.

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

SAP Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were paid a $2.5423 dividend. 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 payout ratio is currently 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.