Ritholtz Wealth Management Has $7.54 Million Stock Holdings in SAP SE (NYSE:SAP)

Ritholtz Wealth Management raised its position in SAP SE (NYSE:SAP) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,097 shares of the software maker’s stock after buying an additional 70 shares during the quarter. Ritholtz Wealth Management’s holdings in SAP were worth $7,542,000 at the end of the most recent reporting period.

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

SAP Price Performance

Shares of SAP stock opened at $292.93 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a twelve month low of $188.17 and a twelve month high of $311.40. The company has a market cap of $359.87 billion, a P/E ratio of 102.07, a P/E/G ratio of 4.71 and a beta of 1.32. The business has a fifty day simple moving average of $286.70 and a 200 day simple moving average of $272.51.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a $2.5423 dividend. The ex-dividend date was Tuesday, May 13th. This is an increase from SAP’s previous annual dividend of $2.39. This represents a yield of 0.8%. SAP’s dividend payout ratio (DPR) is currently 35.25%.

Wall Street Analysts Forecast Growth

SAP has been the topic of several analyst reports. Argus reissued a “buy” rating and set a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Wells Fargo & Company initiated coverage on SAP in a report on Tuesday, May 20th. They set an “overweight” rating on the stock. UBS Group raised SAP to a “strong-buy” rating in a report on Friday, May 30th. BMO Capital Markets upped their price objective on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, May 23rd. Finally, Jefferies Financial Group restated a “buy” rating on shares of SAP in a research report on Friday, May 2nd. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, SAP presently has an average rating of “Buy” and a consensus target price of $271.83.

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.