Forum Financial Management LP Boosts Stake in SAP SE (NYSE:SAP)

Forum Financial Management LP grew its holdings in SAP SE (NYSE:SAP - Free Report) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,674 shares of the software maker's stock after acquiring an additional 2,482 shares during the period. Forum Financial Management LP's holdings in SAP were worth $4,352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Oppenheimer & Co. Inc. increased its holdings in shares of SAP by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after purchasing an additional 38 shares during the last quarter. Lindbrook Capital LLC increased its stake in SAP by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after acquiring an additional 43 shares during the last quarter. Foster Group Inc. raised its holdings in shares of SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock worth $268,000 after acquiring an additional 45 shares in the last quarter. Wedmont Private Capital boosted its position in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock valued at $485,000 after acquiring an additional 46 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in shares of SAP by 3.0% in the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock valued at $390,000 after purchasing an additional 46 shares in the last quarter.

SAP Trading Down 2.6 %

Shares of NYSE:SAP traded down $6.75 on Monday, hitting $250.65. 1,622,168 shares of the company's stock were exchanged, compared to its average volume of 982,532. The stock has a market capitalization of $307.92 billion, a price-to-earnings ratio of 87.33, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. SAP SE has a 12 month low of $176.14 and a 12 month high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The business's 50 day simple moving average is $270.47 and its two-hundred day simple moving average is $255.57.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is currently 64.11%.

Analysts Set New Price Targets

Several equities analysts have commented on SAP shares. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and increased their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets decreased their price target on SAP from $307.00 to $300.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has a consensus rating of "Buy" and an average target price of $247.67.

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.