Sagespring Wealth Partners LLC Boosts Stake in SAP SE (NYSE:SAP)

Sagespring Wealth Partners LLC boosted its holdings in SAP SE (NYSE:SAP) by 17.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,744 shares of the software maker’s stock after acquiring an additional 550 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in SAP were worth $1,005,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SAP. Sowell Financial Services LLC acquired a new position in shares of SAP during the 1st quarter worth $738,000. Warther Private Wealth LLC grew its position in SAP by 2.8% during the first quarter. Warther Private Wealth LLC now owns 1,711 shares of the software maker’s stock worth $459,000 after buying an additional 47 shares during the period. D Orazio & Associates Inc. increased its holdings in SAP by 3.1% in the first quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker’s stock valued at $367,000 after buying an additional 41 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of SAP during the 1st quarter valued at approximately $603,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of SAP by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,139 shares of the software maker’s stock worth $7,554,000 after acquiring an additional 576 shares in the last quarter.

SAP Trading Down 1.1%

Shares of SAP stock opened at $292.49 on Wednesday. The company has a market capitalization of $359.32 billion, a price-to-earnings ratio of 56.03, a PEG ratio of 4.27 and a beta of 1.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $288.52 and a 200 day moving average price of $273.34. SAP SE has a twelve month low of $188.45 and a twelve month high of $311.40.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. Research analysts forecast that SAP SE will post 6.55 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 23rd. Shareholders of record on Tuesday, May 13th were issued 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 payout ratio is 35.25%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company began coverage on SAP in a research note on Tuesday, May 20th. They issued an “overweight” rating for the company. UBS Group upgraded SAP to a “strong-buy” rating in a research report on Friday, May 30th. JMP Securities reiterated a “market outperform” rating and issued a $330.00 price objective on shares of SAP in a research report on Friday, May 23rd. Argus restated a “buy” rating and set a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Finally, Barclays reaffirmed an “overweight” rating and issued a $308.00 price target (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, SAP presently has a consensus rating of “Buy” and a consensus price target of $271.83.

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.