Venturi Wealth Management LLC Purchases 4,816 Shares of SAP SE $SAP

Venturi Wealth Management LLC lifted its position in SAP SE (NYSE:SAP) by 48.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,704 shares of the software maker’s stock after acquiring an additional 4,816 shares during the quarter. Venturi Wealth Management LLC’s holdings in SAP were worth $2,517,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SAP. Windacre Partnership LLC boosted its position in shares of SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after buying an additional 1,336,325 shares during the period. Bank of America Corp DE raised its holdings in shares of SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after buying an additional 973,779 shares during the period. Sustainable Growth Advisers LP lifted its stake in shares of SAP by 1,126.3% during the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock worth $225,102,000 after acquiring an additional 773,720 shares during the last quarter. M&T Bank Corp boosted its holdings in SAP by 1,582.7% during the 4th quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock valued at $198,529,000 after acquiring an additional 768,725 shares during the period. Finally, Fisher Asset Management LLC grew its position in SAP by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock valued at $3,887,727,000 after acquiring an additional 392,010 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SAP shares. The Goldman Sachs Group reissued a “buy” rating and set a $265.00 target price on shares of SAP in a research note on Wednesday, June 10th. Zacks Research cut shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Barclays boosted their price target on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $283.40.

SAP Stock Performance

SAP stock opened at $155.24 on Friday. SAP SE has a 1-year low of $148.06 and a 1-year high of $313.28. The business has a 50-day moving average price of $171.33 and a 200 day moving average price of $196.55. The company has a market capitalization of $190.71 billion, a P/E ratio of 20.98, a PEG ratio of 1.68 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07.

SAP (NYSE:SAP) last issued its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The company had revenue of $11.06 billion for the quarter. As a group, equities research analysts forecast that SAP SE will post 8.36 EPS for the current fiscal year.

SAP Increases Dividend

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

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.