Fiduciary Alliance LLC Has $2.58 Million Holdings in SAP SE $SAP

Fiduciary Alliance LLC increased its holdings in shares of SAP SE (NYSE:SAP) by 85.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,926 shares of the software maker’s stock after acquiring an additional 6,876 shares during the period. Fiduciary Alliance LLC’s holdings in SAP were worth $2,581,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares in the last quarter. Baird Financial Group Inc. bought a new position in shares of SAP in the first quarter valued at about $242,000. AQR Capital Management LLC raised its holdings in shares of SAP by 49.0% in the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after buying an additional 5,363 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in SAP during the 1st quarter worth about $2,681,000. Finally, Sivia Capital Partners LLC lifted its position in SAP by 2.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after buying an additional 69 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on SAP. The Goldman Sachs Group restated a “buy” rating and issued a $265.00 price objective on shares of SAP in a research report on Wednesday, June 10th. Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. TD Cowen reissued a “buy” rating on shares of SAP in a research note on Thursday, May 14th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. Finally, Weiss Ratings cut shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $283.40.

SAP Price Performance

Shares of SAP stock opened at $148.41 on Friday. The stock has a 50-day moving average price of $171.69 and a 200 day moving average price of $196.84. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The firm has a market cap of $182.32 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.74 and a beta of 1.12. SAP SE has a 12 month low of $148.06 and a 12 month high of $313.28.

SAP (NYSE:SAP) last released its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The company had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. Research analysts expect that SAP SE will post 8.36 EPS for the current year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were paid a dividend of $2.9291 per share. This represents a dividend yield of 170.0%. This is a positive change from SAP’s previous annual dividend of $2.54. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s payout ratio is presently 28.92%.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on?premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in?memory database and platform.