Snowden Capital Advisors LLC Purchases 6,695 Shares of SAP SE (NYSE:SAP)

Snowden Capital Advisors LLC grew its stake in shares of SAP SE (NYSE:SAP - Free Report) by 185.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,311 shares of the software maker's stock after acquiring an additional 6,695 shares during the period. Snowden Capital Advisors LLC's holdings in SAP were worth $2,539,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. WCM Investment Management LLC bought a new position in SAP in the 4th quarter valued at $290,023,000. TD Asset Management Inc. raised its position in shares of SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after buying an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after buying an additional 798,037 shares during the period. Northern Trust Corp boosted its stake in SAP by 91.2% during the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after buying an additional 701,880 shares during the period. Finally, Wellington Management Group LLP purchased a new position in SAP during the fourth quarter worth about $163,630,000.

SAP Stock Down 0.2%

SAP traded down $0.67 on Wednesday, hitting $298.60. The company had a trading volume of 761,594 shares, compared to its average volume of 1,046,559. The stock has a fifty day simple moving average of $273.76 and a 200-day simple moving average of $264.04. 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 firm has a market capitalization of $366.83 billion, a P/E ratio of 104.04, a P/E/G ratio of 4.71 and a beta of 1.35. SAP SE has a 52-week low of $179.43 and a 52-week high of $303.40.

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. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, equities analysts expect 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 will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $2.5423 per share. 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 is Tuesday, May 13th. SAP's dividend payout ratio is presently 35.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAP. Barclays reiterated an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. JMP Securities boosted their price target on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a report on Friday, May 2nd. Finally, Argus reissued a "buy" rating and issued a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP has an average rating of "Buy" and an average target price of $264.00.

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.