Naviter Wealth LLC Buys 4,120 Shares of SAP SE (NYSE:SAP)

Naviter Wealth LLC boosted its stake in SAP SE (NYSE:SAP) by 25.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,073 shares of the software maker’s stock after acquiring an additional 4,120 shares during the period. Naviter Wealth LLC’s holdings in SAP were worth $3,915,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Northwest Investment Counselors LLC purchased a new position in SAP during the first quarter valued at $25,000. Sunbelt Securities Inc. purchased a new position in SAP during the first quarter valued at $29,000. Wetzel Investment Advisors Inc. purchased a new position in SAP during the fourth quarter valued at $31,000. Adirondack Trust Co. lifted its position in SAP by 121.1% during the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock valued at $31,000 after buying an additional 109 shares during the period. Finally, Larson Financial Group LLC purchased a new position in SAP during the fourth quarter valued at $33,000.

Analyst Upgrades and Downgrades

SAP has been the subject of several recent analyst reports. BMO Capital Markets raised SAP from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $218.00 to $237.00 in a research report on Friday. Sanford C. Bernstein initiated coverage on SAP in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target for the company. StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. KeyCorp assumed coverage on SAP in a research report on Thursday, March 21st. They issued an “overweight” rating for the company. Finally, JMP Securities boosted their target price on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.20.

SAP Stock Performance

Shares of SAP stock traded down $0.84 during trading hours on Tuesday, reaching $198.58. 596,323 shares of the stock traded hands, compared to its average volume of 773,129. The company has a 50 day moving average price of $190.23 and a 200 day moving average price of $180.92. SAP SE has a one year low of $126.75 and a one year high of $204.33. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, April 22nd. The software maker reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). The company had revenue of $8.73 billion for the quarter, compared to the consensus estimate of $8.73 billion. SAP had a net margin of 15.76% and a return on equity of 9.79%. On average, equities research analysts predict that SAP SE will post 4.56 earnings per share for the current year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 17th were paid a dividend of $2.3852 per share. The ex-dividend date was Thursday, May 16th. This is an increase from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. SAP’s payout ratio is 37.53%.

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.