Perigon Wealth Management LLC Boosts Position in SAP SE (NYSE:SAP)

Perigon Wealth Management LLC boosted its position in shares of SAP SE (NYSE:SAP) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,074 shares of the software maker’s stock after acquiring an additional 142 shares during the quarter. Perigon Wealth Management LLC’s holdings in SAP were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SAP. JPMorgan Chase & Co. increased its position in SAP by 364.7% during the first quarter. JPMorgan Chase & Co. now owns 113,250 shares of the software maker’s stock valued at $12,567,000 after acquiring an additional 88,881 shares during the last quarter. American Century Companies Inc. increased its position in SAP by 6.0% during the first quarter. American Century Companies Inc. now owns 21,703 shares of the software maker’s stock valued at $2,408,000 after acquiring an additional 1,229 shares during the last quarter. Cetera Advisor Networks LLC increased its position in SAP by 38.1% during the first quarter. Cetera Advisor Networks LLC now owns 2,630 shares of the software maker’s stock valued at $292,000 after acquiring an additional 726 shares during the last quarter. Dimensional Fund Advisors LP increased its position in SAP by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 106,983 shares of the software maker’s stock worth $11,871,000 after buying an additional 1,622 shares in the last quarter. Finally, Sei Investments Co. increased its position in SAP by 6.0% in the first quarter. Sei Investments Co. now owns 129,904 shares of the software maker’s stock worth $14,431,000 after buying an additional 7,407 shares in the last quarter.

Wall Street Analyst Weigh In

SAP has been the subject of a number of analyst reports. Barclays upped their price target on SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group upped their price target on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. StockNews.com upgraded SAP from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 10th. KeyCorp initiated coverage on SAP in a research report on Thursday, March 21st. They issued an “overweight” rating for the company. Finally, Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $193.80.

SAP Stock Performance

NYSE SAP opened at $180.61 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $187.35 and a 200-day moving average price of $163.33. SAP SE has a twelve month low of $126.40 and a twelve month high of $199.29.

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

SAP Increases Dividend

The company 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 yield of 0.9%. The ex-dividend date is Thursday, May 16th. This is a boost from SAP’s previous annual dividend of $2.19. SAP’s dividend payout ratio (DPR) is currently 27.71%.

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.