SVB Wealth LLC Has $770,000 Stock Position in SAP SE (NYSE:SAP)

SVB Wealth LLC boosted its position in SAP SE (NYSE:SAP) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,981 shares of the software maker’s stock after purchasing an additional 326 shares during the period. SVB Wealth LLC’s holdings in SAP were worth $770,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. increased its holdings in SAP by 5.1% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,437 shares of the software maker’s stock worth $222,000 after purchasing an additional 70 shares in the last quarter. Blue Trust Inc. increased its holdings in SAP by 5.8% in the 4th quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock worth $210,000 after purchasing an additional 75 shares in the last quarter. Roman Butler Fullerton & Co. increased its holdings in SAP by 4.9% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 1,704 shares of the software maker’s stock worth $219,000 after purchasing an additional 79 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in SAP by 1.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 4,586 shares of the software maker’s stock worth $593,000 after purchasing an additional 79 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. increased its holdings in SAP by 3.5% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 2,446 shares of the software maker’s stock worth $316,000 after purchasing an additional 82 shares in the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $175.73 on Friday. SAP SE has a one year low of $126.40 and a one year high of $199.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50-day moving average is $187.15 and its 200 day moving average is $163.88.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). SAP had a return on equity of 9.54% and a net margin of 20.30%. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.98 billion. As a group, equities analysts anticipate that SAP SE will post 4.77 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be paid a dividend of $2.3852 per share. This is an increase from SAP’s previous annual dividend of $2.19. This represents a yield of 0.9%. The ex-dividend date is Thursday, May 16th. SAP’s dividend payout ratio is 27.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays upped their price target on SAP from $189.00 to $212.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. BMO Capital Markets upped their price target on SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday. The Goldman Sachs Group upped their price target on SAP from $185.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, KeyCorp assumed coverage on SAP in a research report on Thursday, March 21st. They issued an “overweight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.80.

SAP Company 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.