Parkside Financial Bank & Trust Increases Stock Holdings in SAP SE (NYSE:SAP)

Parkside Financial Bank & Trust boosted its stake in shares of SAP SE (NYSE:SAP) by 84.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338 shares of the software maker’s stock after buying an additional 155 shares during the quarter. Parkside Financial Bank & Trust’s holdings in SAP were worth $52,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in SAP by 10.9% during the third quarter. Stifel Financial Corp now owns 193,376 shares of the software maker’s stock worth $25,007,000 after buying an additional 19,080 shares during the period. Blue Trust Inc. boosted its stake in SAP by 5.8% during the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock worth $210,000 after buying an additional 75 shares during the period. Clear Street Markets LLC boosted its stake in SAP by 2.8% during the third quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock worth $800,000 after buying an additional 166 shares during the period. Graham Capital Management L.P. purchased a new position in SAP during the third quarter worth about $430,000. Finally, Private Trust Co. NA boosted its stake in SAP by 68.5% during the fourth quarter. Private Trust Co. NA now owns 1,547 shares of the software maker’s stock worth $239,000 after buying an additional 629 shares during the period.

SAP Stock Performance

Shares of NYSE:SAP opened at $186.18 on Friday. The firm’s 50 day moving average price is $187.96 and its 200 day moving average price is $165.82. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $199.29. The company has a quick ratio of 1.40, a current ratio of 1.25 and a debt-to-equity ratio of 0.18.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.17). The firm had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. SAP had a net margin of 15.76% and a return on equity of 9.79%. Equities research analysts predict that SAP SE will post 4.58 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be issued a $2.3852 dividend. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date is Thursday, May 16th. This represents a yield of 0.9%. SAP’s dividend payout ratio (DPR) is 34.92%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. BMO Capital Markets raised their price objective on shares of SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a research note on Friday. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays lowered their price objective on shares of SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, KeyCorp assumed coverage on shares of SAP in a research note on Thursday, March 21st. They issued an “overweight” rating for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.20.

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.