Western Wealth Management LLC Has $337,000 Stake in SAP SE (NYSE:SAP)

Western Wealth Management LLC boosted its position in SAP SE (NYSE:SAP) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,181 shares of the software maker’s stock after buying an additional 105 shares during the period. Western Wealth Management LLC’s holdings in SAP were worth $337,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Contravisory Investment Management Inc. raised its holdings in shares of SAP by 5.1% during the fourth quarter. Contravisory Investment Management Inc. now owns 1,437 shares of the software maker’s stock valued at $222,000 after purchasing an additional 70 shares during the period. Blue Trust Inc. raised its holdings in shares of SAP by 5.8% during the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after purchasing an additional 75 shares during the period. Roman Butler Fullerton & Co. raised its holdings in shares of SAP by 4.9% during the third quarter. Roman Butler Fullerton & Co. now owns 1,704 shares of the software maker’s stock valued at $219,000 after purchasing an additional 79 shares during the period. Axxcess Wealth Management LLC increased its position in shares of SAP by 1.8% during the third quarter. Axxcess Wealth Management LLC now owns 4,586 shares of the software maker’s stock worth $593,000 after acquiring an additional 79 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. increased its position in shares of SAP by 3.5% during the third quarter. Argonautica Private Wealth Management Inc. now owns 2,446 shares of the software maker’s stock worth $316,000 after acquiring an additional 82 shares in the last quarter.

SAP Price Performance

SAP opened at $178.18 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. SAP SE has a twelve month low of $126.75 and a twelve month high of $199.29. The company’s 50-day moving average price is $187.13 and its two-hundred day moving average price is $164.72.

SAP (NYSE:SAP) last released its 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). The company had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.98 billion. SAP had a net margin of 20.30% and a return on equity of 9.54%. As a group, equities analysts predict that SAP SE will post 4.77 EPS for the current year.

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be paid a $2.3852 dividend. This represents a yield of 0.9%. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend is Thursday, May 16th. SAP’s payout ratio is presently 27.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SAP shares. Barclays boosted their target price on shares of SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. KeyCorp started coverage on shares of SAP in a research report on Thursday, March 21st. They set an “overweight” rating for the company. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. The Goldman Sachs Group boosted their target price on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, BMO Capital Markets boosted their target price on shares of SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $193.80.

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.