Claro Advisors LLC Raises Stock Position in SAP SE (NYSE:SAP)

Claro Advisors LLC boosted its position in shares of SAP SE (NYSE:SAP) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,543 shares of the software maker’s stock after acquiring an additional 98 shares during the period. Claro Advisors LLC’s holdings in SAP were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of SAP during the first quarter worth about $25,000. Sunbelt Securities Inc. purchased a new position in SAP during the 1st quarter worth approximately $29,000. 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 purchasing an additional 109 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of SAP in the fourth quarter worth about $31,000. Finally, Larson Financial Group LLC acquired a new stake in SAP during the fourth quarter worth about $33,000.

SAP Price Performance

SAP stock opened at $199.33 on Tuesday. SAP SE has a 12-month low of $126.75 and a 12-month high of $204.33. The business’s 50-day moving average is $189.81 and its 200 day moving average is $180.61. 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 issued its quarterly earnings results 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). SAP had a return on equity of 9.79% and a net margin of 15.76%. The firm had revenue of $8.73 billion during the quarter, compared to analyst estimates of $8.73 billion. As a group, equities analysts expect that SAP SE will post 4.56 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th were issued a dividend of $2.3852 per share. This is a positive change from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend was Thursday, May 16th. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio is presently 37.53%.

Analysts Set New Price Targets

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

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.