Snowden Capital Advisors LLC Raises Holdings in SAP SE (NYSE:SAP)

Snowden Capital Advisors LLC lifted its holdings in SAP SE (NYSE:SAP) by 185.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,311 shares of the software maker’s stock after buying an additional 6,695 shares during the quarter. Snowden Capital Advisors LLC’s holdings in SAP were worth $2,539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Centricity Wealth Management LLC acquired a new position in shares of SAP during the 4th quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP during the fourth quarter worth about $27,000. Rakuten Securities Inc. grew its position in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after buying an additional 108 shares during the period. Albion Financial Group UT increased its holdings in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after buying an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of SAP during the 4th quarter valued at approximately $42,000.

SAP Trading Up 0.7%

SAP stock opened at $296.46 on Friday. The stock has a 50-day moving average price of $272.18 and a 200 day moving average price of $263.13. SAP SE has a 52 week low of $179.43 and a 52 week high of $303.40. The stock has a market cap of $364.20 billion, a PE ratio of 103.30, a P/E/G ratio of 4.71 and a beta of 1.35. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

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 9.17% and a return on equity of 12.18%. Equities research analysts predict 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 issued a $2.5423 dividend. The ex-dividend date of this dividend is 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%.

Wall Street Analysts Forecast Growth

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

About SAP

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.