Capital Investment Advisory Services LLC Raises Position in SAP SE (NYSE:SAP)

Capital Investment Advisory Services LLC grew its holdings in shares of SAP SE (NYSE:SAP) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,245 shares of the software maker’s stock after purchasing an additional 123 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in SAP were worth $347,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SAP. CWM LLC lifted its stake in shares of SAP by 11.1% during the 3rd quarter. CWM LLC now owns 1,855 shares of the software maker’s stock worth $240,000 after purchasing an additional 186 shares during the period. AE Wealth Management LLC lifted its stake in shares of SAP by 19.7% during the 3rd quarter. AE Wealth Management LLC now owns 6,307 shares of the software maker’s stock worth $816,000 after purchasing an additional 1,037 shares during the period. IFP Advisors Inc lifted its stake in shares of SAP by 98.4% during the 3rd quarter. IFP Advisors Inc now owns 1,117 shares of the software maker’s stock worth $144,000 after purchasing an additional 554 shares during the period. Impact Partnership Wealth LLC raised its position in shares of SAP by 376.1% in the 3rd quarter. Impact Partnership Wealth LLC now owns 319 shares of the software maker’s stock worth $41,000 after buying an additional 252 shares during the period. Finally, Founders Financial Securities LLC raised its position in shares of SAP by 6.8% in the 3rd quarter. Founders Financial Securities LLC now owns 8,057 shares of the software maker’s stock worth $1,042,000 after buying an additional 512 shares during the period.

SAP Price Performance

Shares of NYSE SAP opened at $188.01 on Wednesday. SAP SE has a 12-month low of $126.75 and a 12-month high of $199.29. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $187.41 and a 200 day moving average price of $165.13.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.17). The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. SAP had a net margin of 15.76% and a return on equity of 9.81%. On average, analysts expect that SAP SE will post 4.77 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be paid a dividend of $2.3852 per share. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio (DPR) is currently 34.92%.

Analyst Ratings Changes

Several brokerages recently weighed in on SAP. KeyCorp began coverage on SAP in a research report on Thursday, March 21st. They issued an “overweight” rating on the stock. Barclays increased their target price on SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. BMO Capital Markets increased their target price on SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Finally, JMP Securities increased their target price on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and an average price target of $202.00.

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.