3,194 Shares in SAP SE (NYSE:SAP) Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC acquired a new position in shares of SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,194 shares of the software maker's stock, valued at approximately $786,000.

A number of other large investors have also recently made changes to their positions in SAP. Fisher Asset Management LLC lifted its position in SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock worth $1,260,137,000 after acquiring an additional 403,956 shares during the period. TD Asset Management Inc. raised its stake in shares of SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after purchasing an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares during the period. Envestnet Asset Management Inc. increased its holdings in SAP by 30.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,172,103 shares of the software maker's stock worth $288,583,000 after buying an additional 273,417 shares during the period. Finally, WCM Investment Management LLC purchased a new position in SAP during the 4th quarter worth approximately $290,023,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SAP shares. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and lifted their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays increased their target price on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. BMO Capital Markets reduced their price target on shares of SAP from $307.00 to $300.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, JMP Securities lifted their price objective on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has a consensus rating of "Buy" and a consensus target price of $247.67.

SAP Price Performance

SAP traded down $3.46 on Friday, reaching $257.02. 1,503,694 shares of the company's stock were exchanged, compared to its average volume of 981,820. The stock has a market cap of $315.75 billion, a PE ratio of 89.55, a P/E/G ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The stock's fifty day moving average price is $271.11 and its 200-day moving average price is $254.90.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 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%. Sell-side analysts expect that SAP SE will post 6.55 EPS for the current 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 given a dividend of $2.5423 per share. This is a boost from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a dividend yield of 0.8%. SAP's payout ratio is presently 64.11%.

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.