NewEdge Wealth LLC Has $2.30 Million Holdings in SAP SE (NYSE:SAP)

NewEdge Wealth LLC grew its holdings in SAP SE (NYSE:SAP) by 74.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,904 shares of the software maker’s stock after acquiring an additional 6,362 shares during the quarter. NewEdge Wealth LLC’s holdings in SAP were worth $2,304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in shares of SAP by 10.9% in the third quarter. Stifel Financial Corp now owns 193,376 shares of the software maker’s stock valued at $25,007,000 after purchasing an additional 19,080 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of SAP by 5.8% in the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after purchasing an additional 75 shares during the last quarter. Clear Street Markets LLC raised its holdings in shares of SAP by 2.8% in the third quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock valued at $800,000 after purchasing an additional 166 shares during the last quarter. Graham Capital Management L.P. acquired a new position in SAP during the third quarter worth $430,000. Finally, Fulton Bank N.A. acquired a new position in SAP during the fourth quarter worth $282,000.

SAP Stock Performance

SAP stock opened at $180.78 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.40 and a quick ratio of 1.40. SAP SE has a 12 month low of $126.40 and a 12 month high of $199.29. The firm has a 50-day moving average price of $187.24 and a 200-day moving average price of $162.60.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.17). The firm had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. SAP had a net margin of 20.30% and a return on equity of 9.54%. Research analysts expect that SAP SE will post 4.36 EPS for the current year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $2.3852 per share. This represents a dividend yield of 0.9%. This is a boost 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 is presently 27.71%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SAP. The Goldman Sachs Group boosted their target price on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Barclays boosted their target price on shares of SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. BMO Capital Markets boosted their target price on shares of SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. KeyCorp initiated coverage on shares of SAP in a report on Thursday, March 21st. They set an “overweight” rating on the stock. Finally, Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, SAP currently has an average rating of “Moderate Buy” and a consensus target price of $193.80.

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.