EP Wealth Advisors LLC Has $674,000 Stock Holdings in SAP SE (NYSE:SAP)

EP Wealth Advisors LLC grew its stake in SAP SE (NYSE:SAP) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,738 shares of the software maker’s stock after purchasing an additional 590 shares during the quarter. EP Wealth Advisors LLC’s holdings in SAP were worth $674,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SAP. Oppenheimer & Co. Inc. lifted its position in SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after acquiring an additional 38 shares during the last quarter. Alaethes Wealth LLC lifted its holdings in SAP by 0.4% during the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker’s stock worth $2,730,000 after purchasing an additional 39 shares during the last quarter. Lindbrook Capital LLC boosted its stake in SAP by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock valued at $538,000 after purchasing an additional 43 shares during the period. Foster Group Inc. grew its holdings in SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after buying an additional 45 shares in the last quarter. Finally, Wedmont Private Capital increased its position in SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after buying an additional 46 shares during the period.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets boosted their price target on SAP from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Friday, May 2nd. Argus reiterated a “buy” rating and set a $320.00 target price on shares of SAP in a research report on Tuesday, April 29th. Finally, JMP Securities raised their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has an average rating of “Buy” and a consensus price target of $264.00.

SAP Trading Down 0.1 %

Shares of SAP opened at $294.00 on Friday. 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 52-week low of $179.43 and a 52-week high of $303.40. The firm has a market cap of $361.18 billion, a price-to-earnings ratio of 102.44, a PEG ratio of 4.71 and a beta of 1.35. The business’s fifty day moving average is $270.23 and its 200-day moving average is $261.28.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a $2.5423 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a yield of 0.8%. This is a positive change from SAP’s previous annual dividend of $2.39. SAP’s dividend payout ratio (DPR) is currently 35.25%.

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.