Warther Private Wealth LLC Buys 47 Shares of SAP SE (NYSE:SAP)

Warther Private Wealth LLC lifted its position in SAP SE (NYSE:SAP) by 2.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,711 shares of the software maker’s stock after purchasing an additional 47 shares during the quarter. Warther Private Wealth LLC’s holdings in SAP were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after buying an additional 1,255 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in SAP by 127.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,155 shares of the software maker’s stock worth $13,166,000 after acquiring an additional 30,361 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in SAP by 7.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,726 shares of the software maker’s stock valued at $671,000 after purchasing an additional 180 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new position in SAP in the 4th quarter valued at $518,000. Finally, Legacy Capital Wealth Partners LLC boosted its stake in SAP by 7.6% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,504 shares of the software maker’s stock worth $617,000 after purchasing an additional 176 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SAP. BMO Capital Markets raised their target price on SAP from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, May 23rd. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research note on Friday, May 2nd. Wells Fargo & Company began coverage on shares of SAP in a research report on Tuesday, May 20th. They issued an “overweight” rating for the company. JMP Securities reissued a “market outperform” rating and issued a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Finally, Barclays reaffirmed an “overweight” rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $271.83.

SAP Trading Down 2.9%

NYSE:SAP opened at $292.93 on Monday. The firm has a market capitalization of $359.87 billion, a price-to-earnings ratio of 102.07, a PEG ratio of 4.71 and a beta of 1.32. SAP SE has a 1-year low of $188.17 and a 1-year high of $311.40. The business’s 50-day moving average price is $286.70 and its two-hundred day moving average price is $272.80. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last issued 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 net margin of 9.17% and a return on equity of 12.18%. On average, equities analysts expect that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were issued a dividend of $2.5423 per share. The ex-dividend date was Tuesday, May 13th. This is a positive change from SAP’s previous annual dividend of $2.39. This represents a yield of 0.8%. SAP’s payout ratio is currently 35.25%.

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.