Sanibel Captiva Trust Company Inc. Boosts Stock Position in SAP SE (NYSE:SAP)

Sanibel Captiva Trust Company Inc. increased its stake in shares of SAP SE (NYSE:SAP - Free Report) by 24.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,533 shares of the software maker's stock after buying an additional 2,626 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in SAP were worth $3,633,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SAP. Brighton Jones LLC raised its position in shares of SAP by 91.1% in the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after buying an additional 1,255 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in SAP by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,278 shares of the software maker's stock valued at $807,000 after acquiring an additional 556 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of SAP by 3.9% in the 4th quarter. Apollon Wealth Management LLC now owns 3,505 shares of the software maker's stock valued at $863,000 after purchasing an additional 130 shares in the last quarter. Angeles Wealth Management LLC increased its stake in shares of SAP by 18.0% in the 4th quarter. Angeles Wealth Management LLC now owns 1,665 shares of the software maker's stock valued at $410,000 after purchasing an additional 254 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of SAP during the 4th quarter worth $65,000.

SAP Trading Up 1.0%

Shares of SAP stock traded up $3.03 during mid-day trading on Thursday, hitting $302.24. The company's stock had a trading volume of 444,484 shares, compared to its average volume of 1,062,014. The company has a market cap of $371.30 billion, a PE ratio of 105.31, a P/E/G ratio of 4.71 and a beta of 1.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company's fifty day simple moving average is $284.38 and its 200-day simple moving average is $271.37. SAP SE has a 52 week low of $186.50 and a 52 week high of $311.40.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 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 the consensus estimate of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities research analysts expect 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. Investors of record on Tuesday, May 13th were given a $2.5423 dividend. 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 presently 35.25%.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of recent analyst reports. UBS Group upgraded SAP to a "strong-buy" rating in a research report on Friday, May 30th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Argus reiterated a "buy" rating and set a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. JMP Securities reiterated a "market outperform" rating and issued a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. Finally, Wells Fargo & Company started coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $271.83.

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.