Simon Quick Advisors LLC Acquires 1,177 Shares of SAP SE (NYSE:SAP)

Simon Quick Advisors LLC lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 69.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,874 shares of the software maker's stock after acquiring an additional 1,177 shares during the quarter. Simon Quick Advisors LLC's holdings in SAP were worth $771,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Centricity Wealth Management LLC bought a new stake in shares of SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP in the 4th quarter valued at about $27,000. Rakuten Securities Inc. boosted 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 valued at $28,000 after buying an additional 108 shares during the last quarter. Founders Capital Management increased its position in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after purchasing an additional 75 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in SAP in the fourth quarter valued at approximately $42,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group raised SAP to a "strong-buy" rating in a research note on Friday, May 30th. BMO Capital Markets increased their price target on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Barclays reaffirmed an "overweight" rating and issued a $308.00 target price (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Argus reissued a "buy" rating and set a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company began coverage on shares of SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $271.83.

SAP Stock Down 2.9%

Shares of NYSE:SAP traded down $8.81 during mid-day trading on Friday, reaching $292.93. 1,445,001 shares of the stock were exchanged, compared to its average volume of 1,064,750. The stock's 50 day simple moving average is $285.59 and its 200-day simple moving average is $271.84. SAP SE has a one year low of $186.50 and a one year high of $311.40. The company has a market cap of $359.87 billion, a P/E 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 issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share 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 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 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. Shareholders of record on Tuesday, May 13th were paid a $2.5423 dividend. This represents a yield of 0.8%. This is an increase from SAP's previous annual dividend of $2.39. The ex-dividend date was Tuesday, May 13th. 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.