Naviter Wealth LLC Grows Stock Holdings in SAP SE (NYSE:SAP)

Naviter Wealth LLC increased its stake in shares of SAP SE (NYSE:SAP) by 25.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,073 shares of the software maker’s stock after buying an additional 4,120 shares during the quarter. Naviter Wealth LLC’s holdings in SAP were worth $3,915,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SAP. Northwest Investment Counselors LLC purchased a new stake in shares of SAP during the 1st quarter worth approximately $25,000. Sunbelt Securities Inc. purchased a new stake in shares of SAP during the 1st quarter valued at $29,000. Wetzel Investment Advisors Inc. purchased a new stake in SAP during the 4th quarter worth $31,000. Adirondack Trust Co. boosted its position in SAP by 121.1% during the 4th quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after purchasing an additional 109 shares during the period. Finally, Larson Financial Group LLC purchased a new stake in SAP during the 4th quarter worth $33,000.

SAP Stock Down 0.4 %

Shares of NYSE:SAP traded down $0.84 during mid-day trading on Tuesday, hitting $198.58. The stock had a trading volume of 596,323 shares, compared to its average volume of 773,129. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. SAP SE has a 12-month low of $126.75 and a 12-month high of $204.33. The company’s 50 day moving average is $190.23 and its 200-day moving average is $180.92.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.06). SAP had a net margin of 15.76% and a return on equity of 9.79%. The firm had revenue of $8.73 billion during the quarter, compared to analysts’ expectations of $8.73 billion. On average, equities analysts forecast that SAP SE will post 4.56 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th were issued a dividend of $2.3852 per share. This is a boost from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 16th. SAP’s payout ratio is currently 37.53%.

Analysts Set New Price Targets

Several research firms recently weighed in on SAP. KeyCorp began coverage on shares of SAP in a research note on Thursday, March 21st. They set an “overweight” rating on the stock. Barclays dropped their price objective on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Sanford C. Bernstein started coverage on shares of SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target on the stock. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, JMP Securities raised their price target on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and a consensus price target of $220.20.

SAP Company 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.