Silvercrest Asset Management Group LLC Increases Holdings in SAP SE (NYSE:SAP)

Silvercrest Asset Management Group LLC increased its position in SAP SE (NYSE:SAP) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,272 shares of the software maker’s stock after purchasing an additional 471 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in SAP were worth $9,177,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SAP. Fisher Asset Management LLC boosted its stake in shares of SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after purchasing an additional 403,956 shares in the last quarter. TD Asset Management Inc. lifted its holdings in SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after buying an additional 890,157 shares during the period. Northern Trust Corp boosted its position in SAP by 91.2% during the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock valued at $362,371,000 after acquiring an additional 701,880 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after acquiring an additional 798,037 shares during the period. Finally, Bank of America Corp DE raised its position in shares of SAP by 5.7% in the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker’s stock worth $323,720,000 after acquiring an additional 70,613 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SAP. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Argus reaffirmed a “buy” rating and set a $320.00 target price on shares of SAP in a research report on Tuesday, April 29th. JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Friday, May 2nd. Finally, Barclays reaffirmed an “overweight” rating and issued a $308.00 price objective (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP presently has a consensus rating of “Buy” and a consensus price target of $264.00.

SAP Trading Up 0.7%

SAP stock opened at $296.46 on Monday. The stock has a 50-day moving average price of $272.18 and a 200 day moving average price of $263.33. The company has a market capitalization of $364.20 billion, a price-to-earnings ratio of 103.30, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. SAP SE has a 52 week low of $179.43 and a 52 week high of $303.40. 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 (NYSE:SAP) last announced its quarterly earnings data 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 business had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. Sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

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

SAP 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.