Versant Capital Management Inc Grows Stock Position in SAP SE (NYSE:SAP)

Versant Capital Management Inc increased its stake in shares of SAP SE (NYSE:SAP - Free Report) by 1,556.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,644 shares of the software maker's stock after purchasing an additional 3,424 shares during the quarter. Versant Capital Management Inc's holdings in SAP were worth $978,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Confluence Investment Management LLC raised its position in shares of SAP by 8.2% in the first quarter. Confluence Investment Management LLC now owns 4,678 shares of the software maker's stock valued at $1,256,000 after purchasing an additional 353 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in SAP by 2.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,563 shares of the software maker's stock worth $6,786,000 after buying an additional 590 shares during the period. NorthCrest Asset Manangement LLC raised its holdings in shares of SAP by 0.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 77,881 shares of the software maker's stock valued at $19,175,000 after acquiring an additional 604 shares in the last quarter. Brucke Financial Inc. acquired a new stake in shares of SAP during the 4th quarter worth approximately $932,000. Finally, American Trust acquired a new stake in shares of SAP during the 4th quarter worth about $326,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JMP Securities reiterated a "market outperform" rating and set a $330.00 target price on shares of SAP in a research report on Friday, May 23rd. BMO Capital Markets boosted their price objective on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Barclays reiterated an "overweight" rating and issued a $308.00 price objective (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday. Finally, Jefferies Financial Group restated a "buy" rating on shares of SAP in a report on Friday, May 2nd. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SAP currently has a consensus rating of "Buy" and an average target price of $271.83.

SAP Stock Up 0.7%

Shares of SAP stock traded up $2.17 on Tuesday, hitting $306.83. The company had a trading volume of 739,484 shares, compared to its average volume of 1,053,589. 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 stock has a 50-day moving average of $278.72 and a 200-day moving average of $268.37. SAP SE has a twelve month low of $181.84 and a twelve month high of $306.91. The firm has a market capitalization of $376.94 billion, a P/E ratio of 106.91, a P/E/G ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. Research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a dividend of $2.5423 per share. This is a positive change from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a yield of 0.8%. SAP's dividend payout ratio (DPR) is presently 35.25%.

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.