SVB Wealth LLC Acquires 326 Shares of SAP SE (NYSE:SAP)

SVB Wealth LLC lifted its holdings in shares of SAP SE (NYSE:SAP) by 7.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,981 shares of the software maker’s stock after purchasing an additional 326 shares during the period. SVB Wealth LLC’s holdings in SAP were worth $770,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital International Investors boosted its holdings in SAP by 58.2% in the first quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock valued at $524,270,000 after acquiring an additional 1,729,492 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in SAP by 230.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock valued at $154,173,000 after acquiring an additional 969,505 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in SAP by 213.0% in the third quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock valued at $183,507,000 after acquiring an additional 966,450 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in SAP by 19,468.8% in the third quarter. Lazard Asset Management LLC now owns 482,762 shares of the software maker’s stock valued at $62,430,000 after acquiring an additional 480,295 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in SAP by 64.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock valued at $137,160,000 after acquiring an additional 414,407 shares during the last quarter.

Analyst Upgrades and Downgrades

SAP has been the topic of several recent research reports. KeyCorp assumed coverage on SAP in a report on Thursday, March 21st. They issued an “overweight” rating on the stock. Barclays raised their target price on SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. BMO Capital Markets raised their target price on SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, The Goldman Sachs Group raised their target price on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.80.

SAP Stock Performance

NYSE SAP opened at $175.73 on Friday. The stock’s 50-day moving average is $187.15 and its 200-day moving average is $163.88. SAP SE has a one year low of $126.40 and a one year high of $199.29. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.18.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). SAP had a net margin of 20.30% and a return on equity of 9.54%. The firm had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. On average, equities research analysts anticipate that SAP SE will post 4.77 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be given a $2.3852 dividend. This represents a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from SAP’s previous annual dividend of $2.19. SAP’s dividend payout ratio (DPR) is currently 27.71%.

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.