Value Partners Investments Inc. Acquires 21,904 Shares of SAP SE $SAP

Value Partners Investments Inc. raised its holdings in shares of SAP SE (NYSE:SAP) by 52.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,946 shares of the software maker’s stock after purchasing an additional 21,904 shares during the quarter. SAP accounts for approximately 0.8% of Value Partners Investments Inc.’s investment portfolio, making the stock its 24th largest holding. Value Partners Investments Inc.’s holdings in SAP were worth $10,960,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SAP. Venturi Wealth Management LLC lifted its holdings in SAP by 48.7% during the 1st quarter. Venturi Wealth Management LLC now owns 14,704 shares of the software maker’s stock valued at $2,517,000 after buying an additional 4,816 shares in the last quarter. SmartHarvest Portfolios LLC purchased a new position in shares of SAP during the first quarter worth approximately $226,000. Aaron Wealth Advisors LLC raised its stake in shares of SAP by 17.8% during the first quarter. Aaron Wealth Advisors LLC now owns 12,165 shares of the software maker’s stock valued at $2,083,000 after acquiring an additional 1,839 shares in the last quarter. OLD National Bancorp IN boosted its holdings in shares of SAP by 25.0% in the first quarter. OLD National Bancorp IN now owns 1,349 shares of the software maker’s stock valued at $231,000 after purchasing an additional 270 shares during the period. Finally, Fiduciary Alliance LLC increased its holdings in SAP by 85.4% during the 1st quarter. Fiduciary Alliance LLC now owns 14,926 shares of the software maker’s stock worth $2,581,000 after purchasing an additional 6,876 shares during the period.

SAP Stock Up 4.8%

NYSE:SAP opened at $155.24 on Friday. SAP SE has a fifty-two week low of $148.06 and a fifty-two week high of $313.28. The stock has a market capitalization of $190.71 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.68 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The company’s 50-day simple moving average is $171.33 and its 200-day simple moving average is $196.55.

SAP (NYSE:SAP) last posted its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The firm had revenue of $11.06 billion during the quarter. On average, equities analysts anticipate that SAP SE will post 8.36 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were given a dividend of $2.9291 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This is a boost from SAP’s previous annual dividend of $2.54. This represents a dividend yield of 170.0%. SAP’s payout ratio is currently 28.78%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings cut shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets reduced their price objective on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $283.40.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.