Spire Wealth Management Has $427,000 Stake in SAP SE (NYSE:SAP)

Spire Wealth Management reduced its stake in shares of SAP SE (NYSE:SAP) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,590 shares of the software maker’s stock after selling 87 shares during the quarter. Spire Wealth Management’s holdings in SAP were worth $427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its position in shares of SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after acquiring an additional 1,255 shares during the last quarter. IFP Advisors Inc lifted its position in SAP by 59.2% during the 4th quarter. IFP Advisors Inc now owns 1,342 shares of the software maker’s stock valued at $331,000 after purchasing an additional 499 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of SAP by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 348,233 shares of the software maker’s stock valued at $85,738,000 after purchasing an additional 3,715 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of SAP by 4.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after buying an additional 38 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of SAP during the fourth quarter worth approximately $2,607,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on SAP. BMO Capital Markets raised their price objective on shares of SAP from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, May 23rd. UBS Group raised SAP to a “strong-buy” rating in a research note on Friday, May 30th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research note on Friday, May 2nd. Wall Street Zen upgraded SAP from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Barclays reaffirmed an “overweight” rating and issued a $308.00 price target (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $271.83.

SAP Stock Performance

Shares of SAP stock opened at $301.29 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. SAP SE has a 52 week low of $194.93 and a 52 week high of $311.40. The company’s 50 day moving average price is $293.95 and its two-hundred day moving average price is $275.73. The company has a market capitalization of $370.13 billion, a P/E ratio of 57.72, a price-to-earnings-growth ratio of 4.30 and a beta of 1.32.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. On average, analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were given a $2.5423 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 13th. This is a positive change from SAP’s previous annual dividend of $2.39. SAP’s payout ratio is currently 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.