Foster Victor Wealth Advisors LLC Has $350,000 Stake in SAP SE (NYSE:SAP)

Foster Victor Wealth Advisors LLC cut its position in SAP SE (NYSE:SAP) by 6.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,350 shares of the software maker’s stock after selling 89 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in SAP were worth $350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in SAP by 31,239.5% in the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker’s stock valued at $350,644,000 after buying an additional 1,302,061 shares in the last quarter. TD Asset Management Inc. raised its stake in SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after acquiring an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SAP by 145.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after acquiring an additional 798,037 shares during the last quarter. Northern Trust Corp boosted its stake in shares of SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock valued at $362,371,000 after purchasing an additional 701,880 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of SAP during the 4th quarter valued at approximately $163,630,000.

SAP Stock Performance

Shares of SAP stock opened at $292.93 on Monday. The stock has a market cap of $359.87 billion, a price-to-earnings ratio of 102.07, a P/E/G ratio of 4.71 and a beta of 1.32. SAP SE has a twelve month low of $188.17 and a twelve month high of $311.40. The company’s fifty day moving average is $286.70 and its 200 day moving average is $272.80. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. Sell-side analysts forecast that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a $2.5423 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This is a boost from SAP’s previous annual dividend of $2.39. This represents a yield of 0.8%. SAP’s dividend payout ratio is presently 35.25%.

Analyst Ratings Changes

SAP has been the subject of several research reports. Barclays reissued an “overweight” rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. JMP Securities reiterated a “market outperform” rating and issued a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a report on Friday, May 2nd. BMO Capital Markets upped their target price on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. Finally, UBS Group upgraded SAP to a “strong-buy” rating in a research report on Friday, May 30th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, SAP currently has an average rating of “Buy” and a consensus target price of $271.83.

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.