Laird Norton Wetherby Wealth Management LLC Has $6.51 Million Holdings in SAP SE (NYSE:SAP)

Laird Norton Wetherby Wealth Management LLC lessened its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,432 shares of the software maker's stock after selling 1,606 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in SAP were worth $6,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SAP. Centricity Wealth Management LLC bought a new position in SAP during the 4th quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the fourth quarter valued at about $27,000. Rakuten Securities Inc. boosted its stake in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after buying an additional 108 shares in the last quarter. Albion Financial Group UT grew its holdings in 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 acquiring an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in SAP in the fourth quarter worth about $42,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SAP shares. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Finally, Barclays reissued an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $264.00.

SAP Stock Up 2.1%

SAP traded up $5.99 during trading on Thursday, reaching $294.45. 1,049,918 shares of the stock traded hands, compared to its average volume of 1,041,081. The stock's 50-day simple moving average is $270.79 and its two-hundred day simple moving average is $262.20. SAP SE has a fifty-two week low of $179.43 and a fifty-two week high of $303.40. The stock has a market cap of $361.73 billion, a price-to-earnings ratio of 102.60, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP - Get Free Report) last posted its 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. SAP had a net margin of 9.17% and a return on equity of 12.18%. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. As a group, equities research analysts expect that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

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