Sowell Financial Services LLC Takes Position in SAP SE (NYSE:SAP)

Sowell Financial Services LLC purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,749 shares of the software maker's stock, valued at approximately $738,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Centricity Wealth Management LLC acquired a new stake in SAP during the 4th quarter worth $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP in the fourth quarter worth about $27,000. Rakuten Securities Inc. raised its position in shares of SAP by 2,700.0% during the fourth 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 period. Founders Capital Management lifted its holdings in shares of SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of SAP during the 4th quarter valued at about $42,000.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company started coverage on shares of SAP in a report on Tuesday, May 20th. They set an "overweight" rating on the stock. BMO Capital Markets increased their price objective on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Wall Street Zen cut shares of SAP from a "buy" rating to a "hold" rating in a research report on Saturday. Piper Sandler assumed coverage on SAP in a report on Tuesday. They issued an "overweight" rating on the stock. Finally, Argus reaffirmed a "buy" rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $271.83.

SAP Stock Down 0.8%

Shares of NYSE SAP traded down $2.21 during mid-day trading on Friday, hitting $287.60. The company had a trading volume of 1,298,391 shares, compared to its average volume of 1,066,731. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The firm has a 50-day simple moving average of $290.31 and a two-hundred day simple moving average of $274.09. The company has a market capitalization of $353.31 billion, a PE ratio of 55.10, a price-to-earnings-growth ratio of 4.16 and a beta of 1.32. SAP SE has a one year low of $191.59 and a one year high of $311.40.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.35 billion during 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%. On average, equities analysts expect that SAP SE will post 6.55 EPS for the current 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 issued a $2.5423 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 13th. This is an increase from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio 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.