Farther Finance Advisors LLC Grows Stock Position in SAP SE $SAP

Farther Finance Advisors LLC raised its stake in shares of SAP SE (NYSE:SAP) by 65.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,179 shares of the software maker’s stock after buying an additional 3,223 shares during the period. Farther Finance Advisors LLC’s holdings in SAP were worth $1,987,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. First PREMIER Bank purchased a new position in shares of SAP during the 3rd quarter valued at about $25,000. Abich Financial Wealth Management LLC purchased a new position in shares of SAP during the 3rd quarter valued at about $27,000. Copia Wealth Management purchased a new position in shares of SAP during the 3rd quarter valued at about $28,000. Sound Income Strategies LLC raised its stake in shares of SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after buying an additional 58 shares during the last quarter. Finally, Guerra Advisors Inc purchased a new position in shares of SAP during the 3rd quarter valued at about $31,000.

SAP Trading Down 0.1%

SAP stock opened at $181.04 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. SAP SE has a 12-month low of $160.66 and a 12-month high of $313.28. The stock has a market cap of $222.41 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 2.04 and a beta of 1.24. The business’s 50-day moving average is $186.81 and its 200 day moving average is $225.47.

SAP (NYSE:SAP) last posted its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The company had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the previous year, the firm posted $1.40 EPS. SAP’s revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be issued a $2.9291 dividend. This represents a yield of 175.0%. The ex-dividend date is Tuesday, May 5th. This is a positive change from SAP’s previous annual dividend of $2.54. SAP’s payout ratio is presently 26.10%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SAP. Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Barclays set a $283.00 price objective on SAP in a research note on Monday, February 2nd. BMO Capital Markets reduced their price objective on SAP from $245.00 to $210.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a research report on Friday, January 30th. Finally, Santander upgraded SAP to a “neutral” rating in a research report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and an average price target of $297.00.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.