SAP SE $SAP Position Increased by Louisbourg Investments Inc.

Louisbourg Investments Inc. boosted its holdings in SAP SE (NYSE:SAP) by 108.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 17,680 shares of the software maker’s stock after buying an additional 9,200 shares during the quarter. Louisbourg Investments Inc.’s holdings in SAP were worth $3,027,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. BKM Wealth Management LLC boosted its stake in shares of SAP by 35.0% during the 1st quarter. BKM Wealth Management LLC now owns 3,978 shares of the software maker’s stock worth $681,000 after acquiring an additional 1,031 shares in the last quarter. Value Partners Investments Inc. grew its holdings in shares of SAP by 52.1% in the 1st quarter. Value Partners Investments Inc. now owns 63,946 shares of the software maker’s stock worth $10,960,000 after acquiring an additional 21,904 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of SAP by 48.7% during the first quarter. Venturi Wealth Management LLC now owns 14,704 shares of the software maker’s stock worth $2,517,000 after purchasing an additional 4,816 shares during the period. SmartHarvest Portfolios LLC acquired a new stake in shares of SAP during the first quarter worth $226,000. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of SAP by 17.8% during the first quarter. Aaron Wealth Advisors LLC now owns 12,165 shares of the software maker’s stock valued at $2,083,000 after purchasing an additional 1,839 shares during the last quarter.

SAP Stock Up 4.8%

SAP stock opened at $155.24 on Friday. SAP SE has a twelve month low of $148.06 and a twelve month high of $313.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $190.71 billion, a PE ratio of 20.98, a P/E/G ratio of 1.76 and a beta of 1.12. The firm’s 50 day moving average price is $171.33 and its two-hundred day moving average price is $196.55.

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

SAP Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. Piper Sandler cut shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Barclays lifted their target price on shares of SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, TD Cowen restated a “buy” rating on shares of SAP in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average price target of $283.40.

SAP 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.