Moran Wealth Management LLC Has $5 Million Position in SAP SE (NYSE:SAP)

Moran Wealth Management LLC cut its position in shares of SAP SE (NYSE:SAP - Free Report) by 7.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,627 shares of the software maker's stock after selling 1,397 shares during the quarter. Moran Wealth Management LLC's holdings in SAP were worth $5,000,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SAP. International Assets Investment Management LLC purchased a new stake in shares of SAP in the first quarter worth approximately $214,000. Bluesphere Advisors LLC purchased a new stake in shares of SAP in the first quarter worth approximately $207,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of SAP in the first quarter worth approximately $53,000. Oppenheimer & Co. Inc. lifted its position in shares of SAP by 58.8% in the first quarter. Oppenheimer & Co. Inc. now owns 1,517 shares of the software maker's stock worth $407,000 after purchasing an additional 562 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of SAP by 109.6% in the first quarter. Continuum Advisory LLC now owns 262 shares of the software maker's stock worth $70,000 after purchasing an additional 137 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on SAP shares. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Barclays reissued an "overweight" rating and issued a $308.00 price target (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Argus reaffirmed a "buy" rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. BMO Capital Markets increased their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Finally, Piper Sandler assumed coverage on shares of SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $271.83.

SAP Stock Performance

Shares of NYSE:SAP traded up $5.74 during trading on Friday, reaching $301.29. The stock had a trading volume of 1,038,872 shares, compared to its average volume of 1,075,832. SAP SE has a 52 week low of $194.93 and a 52 week high of $311.40. The firm has a market capitalization of $370.13 billion, a price-to-earnings ratio of 57.72, a P/E/G ratio of 4.30 and a beta of 1.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $293.95 and a two-hundred day simple moving average of $275.88.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. As a group, analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

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