Sovran Advisors LLC Takes $266,000 Position in SAP SE (NYSE:SAP)

Sovran Advisors LLC bought a new stake in SAP SE (NYSE:SAP - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,032 shares of the software maker's stock, valued at approximately $266,000.

Other hedge funds also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC raised its stake in shares of SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after buying an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after acquiring an additional 66 shares during the last quarter. Rakuten Securities Inc. boosted its stake in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after purchasing an additional 108 shares during the last quarter. Founders Capital Management raised its holdings in SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after acquiring an additional 75 shares during the last quarter. Finally, Highline Wealth Partners LLC lifted its position in SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after buying an additional 77 shares during the period.

SAP Stock Up 1.8%

SAP traded up $5.36 during trading hours on Thursday, reaching $303.52. 420,223 shares of the stock traded hands, compared to its average volume of 1,077,012. SAP SE has a fifty-two week low of $194.93 and a fifty-two week high of $311.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $372.88 billion, a price-to-earnings ratio of 58.03, a PEG ratio of 4.27 and a beta of 1.30. The firm's fifty day simple moving average is $296.54 and its two-hundred day simple moving average is $276.56.

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, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. As a group, analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were given a $2.5423 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a dividend yield of 0.8%. This is an increase from SAP's previous annual dividend of $2.39. SAP's payout ratio is presently 35.25%.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Piper Sandler initiated coverage on SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a report on Sunday. Wells Fargo & Company started coverage on SAP in a research note on Tuesday, May 20th. They set an "overweight" rating for the company. Finally, JMP Securities reissued a "market outperform" rating and set a $330.00 target price on shares of SAP in a research report on Friday, May 23rd. Eleven investment 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 stock currently has an average rating of "Buy" and an average price target of $271.83.

SAP 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.