SAP SE (NYSE:SAP) Shares Bought by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc increased its holdings in SAP SE (NYSE:SAP) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,661 shares of the software maker’s stock after buying an additional 547 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SAP were worth $2,266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new position in SAP in the 4th quarter worth approximately $31,000. Larson Financial Group LLC acquired a new stake in shares of SAP during the 4th quarter worth approximately $33,000. Column Capital Advisors LLC grew its stake in shares of SAP by 121.0% during the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock worth $29,000 after purchasing an additional 121 shares during the period. Impact Partnership Wealth LLC grew its stake in shares of SAP by 376.1% during the 3rd quarter. Impact Partnership Wealth LLC now owns 319 shares of the software maker’s stock worth $41,000 after purchasing an additional 252 shares during the period. Finally, Ramirez Asset Management Inc. acquired a new stake in shares of SAP during the 3rd quarter worth approximately $58,000.

SAP Stock Up 4.8 %

SAP stock traded up $8.48 during midday trading on Tuesday, reaching $186.66. The stock had a trading volume of 860,376 shares, compared to its average volume of 752,856. The company’s fifty day simple moving average is $187.13 and its 200 day simple moving average is $164.72. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. SAP SE has a 52-week low of $126.75 and a 52-week high of $199.29.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.17). SAP had a return on equity of 9.54% and a net margin of 20.30%. The company had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.98 billion. Equities analysts expect that SAP SE will post 4.77 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be given a dividend of $2.3852 per share. This represents a dividend yield of 0.9%. This is an increase from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend is Thursday, May 16th. SAP’s dividend payout ratio (DPR) is presently 27.71%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SAP shares. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays raised their price objective on shares of SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. BMO Capital Markets raised their price objective on shares of SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. The Goldman Sachs Group raised their price objective on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, KeyCorp assumed coverage on SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

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.