NewEdge Advisors LLC Purchases 3,307 Shares of SAP SE (NYSE:SAP)

NewEdge Advisors LLC increased its position in shares of SAP SE (NYSE:SAP - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,064 shares of the software maker's stock after purchasing an additional 3,307 shares during the quarter. NewEdge Advisors LLC's holdings in SAP were worth $49,750,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SAP. Toronto Dominion Bank acquired a new position in SAP during the 3rd quarter worth approximately $162,000. Anchor Investment Management LLC lifted its stake in shares of SAP by 448.0% in the 3rd quarter. Anchor Investment Management LLC now owns 274 shares of the software maker's stock valued at $63,000 after acquiring an additional 224 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of SAP during the 3rd quarter valued at $227,000. Wilmington Savings Fund Society FSB acquired a new position in SAP in the 3rd quarter worth about $494,000. Finally, Tidal Investments LLC raised its position in SAP by 15.8% in the third quarter. Tidal Investments LLC now owns 10,944 shares of the software maker's stock valued at $2,507,000 after purchasing an additional 1,496 shares during the last quarter.

SAP Price Performance

SAP stock traded down $8.09 during midday trading on Monday, reaching $249.31. 685,177 shares of the stock were exchanged, compared to its average volume of 978,829. The company's fifty day moving average is $270.47 and its 200-day moving average is $255.57. The firm has a market cap of $306.28 billion, a PE ratio of 86.87, a PEG ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a 52 week low of $176.14 and a 52 week high of $293.70.

SAP (NYSE:SAP - Get Free Report) last posted 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%. On average, sell-side analysts forecast that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and raised their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets cut their price target on shares of SAP from $307.00 to $300.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Finally, 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $247.67.

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.