Capital Investment Advisory Services LLC Acquires 123 Shares of SAP SE (NYSE:SAP)

Capital Investment Advisory Services LLC raised its holdings in SAP SE (NYSE:SAP) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,245 shares of the software maker’s stock after acquiring an additional 123 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in SAP were worth $347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Column Capital Advisors LLC boosted its stake in SAP by 121.0% in the third quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock valued at $29,000 after acquiring an additional 121 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in SAP in the fourth quarter worth $31,000. Impact Partnership Wealth LLC raised its holdings in SAP by 376.1% in the third quarter. Impact Partnership Wealth LLC now owns 319 shares of the software maker’s stock worth $41,000 after purchasing an additional 252 shares during the period. Ramirez Asset Management Inc. acquired a new stake in SAP in the third quarter worth $58,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in SAP by 58.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 545 shares of the software maker’s stock worth $70,000 after purchasing an additional 202 shares during the period.

SAP Stock Up 5.5 %

Shares of NYSE:SAP opened at $188.01 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40. SAP SE has a 12 month low of $126.75 and a 12 month high of $199.29. The company’s fifty day simple moving average is $187.41 and its 200 day simple moving average is $165.13.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.17). SAP had a net margin of 15.76% and a return on equity of 9.81%. The business had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. As a group, equities research analysts predict that SAP SE will post 4.77 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently declared 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 is a positive change from SAP’s previous annual dividend of $2.19. This represents a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 16th. SAP’s payout ratio is presently 34.92%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. JMP Securities increased their target price on shares of SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a report on Tuesday. Finally, Barclays raised their price objective on shares of SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $202.00.

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.