Cary Street Partners Financial LLC Buys Shares of 1,123 SAP SE (NYSE:SAP)

Cary Street Partners Financial LLC purchased a new position in SAP SE (NYSE:SAP) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,123 shares of the software maker’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Balyasny Asset Management L.P. increased its stake in SAP by 71.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,198 shares of the software maker’s stock worth $787,000 after purchasing an additional 1,332 shares during the period. Bank of America Corp DE increased its stake in 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 buying an additional 70,613 shares during the period. Benjamin Edwards Inc. lifted its holdings in SAP by 20.5% during the 4th quarter. Benjamin Edwards Inc. now owns 10,771 shares of the software maker’s stock valued at $2,652,000 after buying an additional 1,831 shares in the last quarter. BNP Paribas Financial Markets boosted its position in SAP by 6,165.7% in the 4th quarter. BNP Paribas Financial Markets now owns 357,460 shares of the software maker’s stock valued at $88,010,000 after buying an additional 351,755 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in SAP by 874.1% in the 4th quarter. Aptus Capital Advisors LLC now owns 8,777 shares of the software maker’s stock worth $2,161,000 after acquiring an additional 7,876 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SAP shares. Argus reiterated a “buy” rating and issued a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, Barclays restated 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. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP presently has an average rating of “Buy” and a consensus price target of $264.00.

SAP Stock Down 0.1 %

NYSE:SAP opened at $294.00 on Friday. The company’s 50-day simple moving average is $270.23 and its 200-day simple moving average is $261.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a fifty-two week low of $179.43 and a fifty-two week high of $303.40. The stock has a market capitalization of $361.18 billion, a P/E ratio of 102.44, a P/E/G ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities analysts anticipate 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 will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a $2.5423 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This is a boost from SAP’s previous annual dividend of $2.39. This represents a yield of 0.8%. SAP’s dividend payout ratio (DPR) is 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.