Larson Financial Group LLC Makes New Investment in SAP SE (NYSE:SAP)

Larson Financial Group LLC purchased a new position in shares of SAP SE (NYSE:SAP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 212 shares of the software maker’s stock, valued at approximately $33,000.

Several other institutional investors have also recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its holdings in shares of SAP by 213.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock worth $183,507,000 after acquiring an additional 966,450 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of SAP by 19,468.8% during the 3rd quarter. Lazard Asset Management LLC now owns 482,762 shares of the software maker’s stock worth $62,430,000 after acquiring an additional 480,295 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of SAP by 64.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock worth $137,160,000 after acquiring an additional 414,407 shares during the last quarter. FMR LLC increased its holdings in shares of SAP by 2.1% during the 3rd quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock worth $758,364,000 after acquiring an additional 122,135 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of SAP during the 4th quarter worth approximately $17,255,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays reduced their price target on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday. The Goldman Sachs Group boosted their price target on SAP from $185.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, January 26th. KeyCorp started coverage on SAP in a research note on Thursday, March 21st. They issued an “overweight” rating for the company. Finally, BMO Capital Markets boosted their price target on SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.20.

SAP Price Performance

NYSE:SAP opened at $186.18 on Friday. The stock has a fifty day moving average price of $187.96 and a 200-day moving average price of $165.82. The company has a current ratio of 1.25, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $199.29.

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 for the quarter, compared to the consensus estimate of $8.98 billion. SAP had a net margin of 15.76% and a return on equity of 9.79%. As a group, research analysts forecast that SAP SE will post 4.58 earnings per share for the current year.

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be given a dividend of $2.3852 per share. This represents a dividend yield of 0.9%. This is an increase from SAP’s previous annual dividend of $2.19. The ex-dividend date is Thursday, May 16th. SAP’s dividend payout ratio is presently 34.92%.

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.