SAP SE (NYSE:SAP) Shares Bought by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its position in shares of SAP SE (NYSE:SAP) by 84.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 338 shares of the software maker’s stock after acquiring an additional 155 shares during the period. Parkside Financial Bank & Trust’s holdings in SAP were worth $52,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. raised its position in shares of SAP by 5.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,437 shares of the software maker’s stock valued at $222,000 after acquiring an additional 70 shares in the last quarter. Blue Trust Inc. raised its position in shares of SAP by 5.8% during the 4th quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after acquiring an additional 75 shares in the last quarter. Axxcess Wealth Management LLC increased its position in SAP by 1.8% in the third quarter. Axxcess Wealth Management LLC now owns 4,586 shares of the software maker’s stock worth $593,000 after buying an additional 79 shares during the period. Argonautica Private Wealth Management Inc. increased its position in SAP by 3.5% in the third quarter. Argonautica Private Wealth Management Inc. now owns 2,446 shares of the software maker’s stock worth $316,000 after buying an additional 82 shares during the period. Finally, Global Retirement Partners LLC increased its position in SAP by 18.6% in the fourth quarter. Global Retirement Partners LLC now owns 630 shares of the software maker’s stock worth $99,000 after buying an additional 99 shares during the period.

SAP Stock Up 0.6 %

Shares of NYSE SAP opened at $186.18 on Friday. SAP SE has a one year low of $126.75 and a one year high of $199.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.25. The business has a 50-day moving average price of $187.96 and a two-hundred day moving average price of $165.82.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.17). The firm had revenue of $9.12 billion for 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%. As a group, equities analysts expect that SAP SE will post 4.58 earnings per share for the current year.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be issued a dividend of $2.3852 per share. This represents a dividend yield of 0.9%. This is a positive change from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend is Thursday, May 16th. SAP’s payout ratio is currently 34.92%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SAP. Barclays dropped their target price on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday. The Goldman Sachs Group increased their target price on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. KeyCorp began coverage on SAP in a research report on Thursday, March 21st. They issued an “overweight” rating on the stock. JMP Securities increased 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. Finally, BMO Capital Markets increased their target price on SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.20.

SAP 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.