Sanibel Captiva Trust Company Inc. Has $3.63 Million Stock Position in SAP SE (NYSE:SAP)

Sanibel Captiva Trust Company Inc. lifted its holdings in shares of SAP SE (NYSE:SAP) by 24.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,533 shares of the software maker’s stock after purchasing an additional 2,626 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in SAP were worth $3,633,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Centricity Wealth Management LLC bought a new stake in shares of SAP during the 4th quarter worth $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the 4th quarter valued at $27,000. Rakuten Securities Inc. grew its stake in SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after buying an additional 108 shares during the last quarter. Founders Capital Management grew its stake in SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker’s stock valued at $35,000 after buying an additional 75 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in SAP in the 4th quarter valued at $42,000.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an “overweight” rating on the stock. UBS Group raised shares of SAP to a “strong-buy” rating in a report on Friday, May 30th. JMP Securities reissued a “market outperform” rating and issued a $330.00 price target on shares of SAP in a report on Friday, May 23rd. Barclays reissued an “overweight” rating and issued a $308.00 price target (up from $286.00) on shares of SAP in a report on Thursday, April 24th. Finally, Argus reissued a “buy” rating and issued a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $271.83.

SAP Price Performance

NYSE:SAP opened at $304.38 on Wednesday. The company has a 50-day moving average of $283.39 and a 200-day moving average of $271.17. The company has a market capitalization of $373.94 billion, a price-to-earnings ratio of 106.06, a PEG ratio of 4.71 and a beta of 1.32. SAP SE has a 52 week low of $186.40 and a 52 week high of $311.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were given a dividend of $2.5423 per share. The ex-dividend date was Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a boost 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.