JCIC Asset Management Inc. Has $2.79 Million Stock Holdings in SAP SE (NYSE:SAP)

JCIC Asset Management Inc. grew its position in shares of SAP SE (NYSE:SAP - Free Report) by 5,023.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,400 shares of the software maker's stock after buying an additional 10,197 shares during the quarter. JCIC Asset Management Inc.'s holdings in SAP were worth $2,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock worth $648,000 after acquiring an additional 1,255 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in SAP by 98.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock worth $633,000 after purchasing an additional 1,279 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in SAP by 41.3% in the 4th quarter. Global Retirement Partners LLC now owns 971 shares of the software maker's stock worth $239,000 after purchasing an additional 284 shares during the last quarter. Private Advisor Group LLC boosted its position in SAP by 11.5% during the fourth quarter. Private Advisor Group LLC now owns 4,805 shares of the software maker's stock worth $1,183,000 after purchasing an additional 495 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in SAP by 26.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 1,442 shares of the software maker's stock valued at $355,000 after purchasing an additional 302 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SAP. Wells Fargo & Company assumed coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating for the company. JMP Securities reiterated a "market outperform" rating and issued a $330.00 target price on shares of SAP in a report on Friday, May 23rd. BMO Capital Markets boosted their target price on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Finally, UBS Group raised SAP to a "strong-buy" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, SAP presently has an average rating of "Buy" and a consensus price target of $271.83.

SAP Stock Down 1.3%

Shares of NYSE:SAP traded down $3.81 during mid-day trading on Wednesday, reaching $293.27. 970,565 shares of the stock were exchanged, compared to its average volume of 1,069,474. 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 one year low of $192.41 and a one year high of $311.40. The company has a market cap of $360.28 billion, a P/E ratio of 56.18, a P/E/G ratio of 4.20 and a beta of 1.32. The stock's 50 day simple moving average is $291.64 and its 200-day simple moving average is $274.78.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. SAP had a net margin of 16.33% and a return on equity of 13.66%. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. As a group, equities research analysts predict 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. Investors of record on Tuesday, May 13th were given a $2.5423 dividend. The ex-dividend date was Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a boost from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is presently 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.