SG Americas Securities LLC Has $4.41 Million Holdings in SAP SE (NYSE:SAP)

SG Americas Securities LLC lifted its holdings in SAP SE (NYSE:SAP - Free Report) by 1,049.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 16,426 shares of the software maker's stock after purchasing an additional 14,997 shares during the quarter. SG Americas Securities LLC's holdings in SAP were worth $4,409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC grew its position in shares of SAP by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock valued at $1,260,137,000 after purchasing an additional 403,956 shares during the period. TD Asset Management Inc. grew its position in shares of SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after purchasing an additional 890,157 shares during the period. Northern Trust Corp grew its position in shares of SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after purchasing an additional 701,880 shares during the period. JPMorgan Chase & Co. boosted its position in SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after acquiring an additional 798,037 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in SAP by 5.7% during the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock worth $323,720,000 after acquiring an additional 70,613 shares during the last quarter.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of research reports. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. UBS Group raised shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. Wells Fargo & Company initiated coverage on shares of SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. JMP Securities reissued a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a research report on Friday, May 23rd. Finally, Barclays reissued an "overweight" rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $271.83.

SAP Stock Performance

NYSE SAP traded down $8.81 on Friday, hitting $292.93. 1,445,001 shares of the stock were exchanged, compared to its average volume of 1,063,566. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The business's fifty day moving average is $286.70 and its 200 day moving average is $272.51. SAP SE has a 52 week low of $188.17 and a 52 week high of $311.40. The company has a market capitalization of $359.87 billion, a PE ratio of 102.07, a P/E/G ratio of 4.71 and a beta of 1.32.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. Research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were issued a $2.5423 dividend. This is an increase from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 13th. SAP's payout ratio 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.