Park Avenue Securities LLC Has $6.22 Million Holdings in SAP SE (NYSE:SAP)

Park Avenue Securities LLC raised its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 16.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,171 shares of the software maker's stock after acquiring an additional 3,265 shares during the period. Park Avenue Securities LLC's holdings in SAP were worth $6,220,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Centricity Wealth Management LLC acquired a new position in shares of SAP in the fourth quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. lifted its position in SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after buying an additional 108 shares in the last quarter. Founders Capital Management grew its holdings in shares of SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after acquiring an additional 75 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SAP in the fourth quarter worth $42,000.

Analyst Ratings Changes

A number of research analysts have commented on the company. Argus restated a "buy" rating and issued a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Wells Fargo & Company began coverage on shares of SAP in a research note on Tuesday, May 20th. They set an "overweight" rating on the stock. BMO Capital Markets lifted their price objective on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Finally, JMP Securities reissued a "market outperform" rating and set a $330.00 target price on shares of SAP in a research report on Friday, May 23rd. Nine equities research 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, the stock currently has an average rating of "Buy" and an average price target of $271.83.

SAP Stock Performance

SAP stock traded down $4.51 during mid-day trading on Monday, reaching $305.29. 1,128,646 shares of the stock traded hands, compared to its average volume of 1,058,657. SAP SE has a 52 week low of $186.40 and a 52 week high of $311.40. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $375.05 billion, a PE ratio of 106.37, a P/E/G ratio of 4.71 and a beta of 1.32. The business has a 50-day moving average of $281.91 and a two-hundred day moving average of $270.46.

SAP (NYSE:SAP - Get Free Report) last released 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 business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities analysts predict that SAP SE will post 6.55 EPS 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 paid a dividend of $2.5423 per share. This is a boost from SAP's previous annual dividend of $2.39. The ex-dividend date was Tuesday, May 13th. This represents a yield of 0.8%. SAP's dividend payout ratio (DPR) 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.