Integrated Wealth Concepts LLC Increases Stock Holdings in SAP SE (NYSE:SAP)

Integrated Wealth Concepts LLC lifted its stake in SAP SE (NYSE:SAP - Free Report) by 64.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,693 shares of the software maker's stock after acquiring an additional 1,454 shares during the quarter. Integrated Wealth Concepts LLC's holdings in SAP were worth $909,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SAP. Centricity Wealth Management LLC acquired a new stake in shares of SAP in the fourth quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the 4th quarter valued at about $27,000. Rakuten Securities Inc. lifted 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 in the last quarter. Albion Financial Group UT lifted its position in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SAP in the fourth quarter valued at approximately $42,000.

SAP Stock Up 0.5 %

SAP stock traded up $1.49 during midday trading on Monday, reaching $303.21. 1,182,421 shares of the company were exchanged, compared to its average volume of 1,022,630. The stock's 50-day simple moving average is $268.42 and its 200 day simple moving average is $259.20. SAP SE has a 1-year low of $179.43 and a 1-year high of $303.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market cap of $372.49 billion, a price-to-earnings ratio of 105.65, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, equities analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on SAP. JMP Securities raised their price target on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and lifted their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Argus reissued a "buy" rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. Finally, Barclays reaffirmed an "overweight" rating and issued a $308.00 target price (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $264.00.

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.