NorthCrest Asset Manangement LLC increased its stake in shares of SAP SE (NYSE:SAP - Free Report) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,791 shares of the software maker's stock after buying an additional 910 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in SAP were worth $21,151,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of SAP by 1.5% during the 1st quarter. Fifth Third Bancorp now owns 16,419 shares of the software maker's stock valued at $4,408,000 after purchasing an additional 239 shares during the last quarter. Simon Quick Advisors LLC increased its position in shares of SAP by 69.4% during the 1st quarter. Simon Quick Advisors LLC now owns 2,874 shares of the software maker's stock valued at $771,000 after purchasing an additional 1,177 shares during the last quarter. Sanibel Captiva Trust Company Inc. increased its position in shares of SAP by 24.1% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 13,533 shares of the software maker's stock valued at $3,633,000 after purchasing an additional 2,626 shares during the last quarter. SG Americas Securities LLC increased its position in shares of SAP by 1,049.5% during the 1st quarter. SG Americas Securities LLC now owns 16,426 shares of the software maker's stock valued at $4,409,000 after purchasing an additional 14,997 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of SAP by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 4,866 shares of the software maker's stock valued at $1,306,000 after purchasing an additional 698 shares during the last quarter.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on SAP shares. BMO Capital Markets increased their price target on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. JMP Securities reiterated a "market outperform" rating and set a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. Barclays reiterated an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Argus reiterated a "buy" rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company began coverage on SAP in a research note on Tuesday, May 20th. They set an "overweight" rating for the company. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $271.83.
Read Our Latest Stock Report on SAP
SAP Price Performance
SAP traded down $8.81 during trading on Friday, reaching $292.93. 1,445,001 shares of the company were exchanged, compared to its average volume of 1,064,750. The company's 50-day moving average is $285.59 and its two-hundred day moving average is $271.84. SAP SE has a 12-month low of $186.50 and a 12-month high of $311.40. The company has a market cap of $359.87 billion, a price-to-earnings ratio of 102.07, a P/E/G ratio of 4.71 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.
SAP (NYSE:SAP - Get Free Report) last released its quarterly 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. SAP had a return on equity of 12.18% and a net margin of 9.17%. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. Research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.
SAP Increases Dividend
The firm also recently declared an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were issued 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%.
SAP Company Profile
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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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