15,150 Shares in SAP SE (NYSE:SAP) Purchased by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC acquired a new position in SAP SE (NYSE:SAP) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 15,150 shares of the software maker’s stock, valued at approximately $3,730,000.

Other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of SAP by 94.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 79,046 shares of the software maker’s stock worth $19,462,000 after acquiring an additional 38,452 shares during the period. Vise Technologies Inc. raised its stake in SAP by 6.3% during the fourth quarter. Vise Technologies Inc. now owns 12,221 shares of the software maker’s stock worth $3,009,000 after acquiring an additional 724 shares in the last quarter. City National Bank of Florida MSD bought a new position in shares of SAP during the fourth quarter valued at $391,000. Kolinsky Wealth Management LLC bought a new position in shares of SAP during the fourth quarter valued at $280,000. Finally, Principal Street Partners LLC boosted its stake in shares of SAP by 1.0% in the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker’s stock valued at $908,000 after purchasing an additional 35 shares in the last quarter.

SAP Trading Up 0.6%

NYSE:SAP opened at $300.09 on Friday. SAP SE has a twelve month low of $179.43 and a twelve month high of $306.14. The business has a 50 day moving average price of $275.05 and a two-hundred day moving average price of $264.74. The company has a market cap of $368.66 billion, a P/E ratio of 104.56, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The company had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $9.08 billion. As a group, analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, May 13th. This is a positive change from SAP’s previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP’s payout ratio is presently 35.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JMP Securities boosted their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company began coverage on shares of SAP in a research report on Tuesday. They issued an “overweight” rating for the company. BMO Capital Markets upped their price objective on SAP from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research note on Friday, May 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $264.00.

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.