Forum Financial Management LP boosted its position in SAP SE (NYSE:SAP - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,674 shares of the software maker's stock after acquiring an additional 2,482 shares during the quarter. Forum Financial Management LP's holdings in SAP were worth $4,352,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Koshinski Asset Management Inc. grew its stake in shares of SAP by 13.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 1,051 shares of the software maker's stock worth $259,000 after purchasing an additional 122 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of SAP by 16.8% during the fourth quarter. Simon Quick Advisors LLC now owns 1,697 shares of the software maker's stock valued at $418,000 after purchasing an additional 244 shares during the last quarter. Dakota Wealth Management purchased a new position in shares of SAP during the fourth quarter valued at approximately $795,000. Avior Wealth Management LLC lifted its holdings in shares of SAP by 37.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,606 shares of the software maker's stock valued at $395,000 after purchasing an additional 436 shares during the last quarter. Finally, Veracity Capital LLC lifted its holdings in shares of SAP by 4.9% during the fourth quarter. Veracity Capital LLC now owns 1,132 shares of the software maker's stock valued at $279,000 after purchasing an additional 53 shares during the last quarter.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on SAP. Argus reiterated a "buy" rating and set a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a report on Friday, May 2nd. Barclays restated an "overweight" rating and issued a $308.00 price objective (up from $286.00) on shares of SAP in a report on Thursday, April 24th. BMO Capital Markets boosted their price objective on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, JMP Securities restated a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $271.83.
Read Our Latest Stock Analysis on SAP
SAP Price Performance
Shares of NYSE SAP traded down $1.18 during mid-day trading on Thursday, hitting $296.89. 576,799 shares of the company's stock traded hands, compared to its average volume of 1,054,666. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a 1 year low of $179.43 and a 1 year high of $304.43. The company has a market capitalization of $364.73 billion, a P/E ratio of 103.45, a PEG ratio of 4.71 and a beta of 1.35. The company's 50-day moving average is $277.11 and its two-hundred day moving average is $266.43.
SAP (NYSE:SAP - Get Free Report) last announced its earnings results 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. 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 9.17% and a return on equity of 12.18%. On average, equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal 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 given 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 dividend payout ratio (DPR) is currently 35.25%.
About SAP
(
Free Report)
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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