Abacus Wealth Partners LLC Makes New $1.43 Million Investment in SAP SE $SAP

Abacus Wealth Partners LLC bought a new position in shares of SAP SE (NYSE:SAP) during the fourth quarter, Holdings Channel reports. The institutional investor bought 5,886 shares of the software maker’s stock, valued at approximately $1,430,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Binnacle Investments Inc raised its holdings in shares of SAP by 14.2% during the 3rd quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock worth $90,000 after acquiring an additional 42 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of SAP by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock valued at $1,355,000 after purchasing an additional 43 shares during the last quarter. Spire Wealth Management lifted its stake in shares of SAP by 6.2% in the 4th quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock valued at $180,000 after purchasing an additional 43 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of SAP by 2.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 2,104 shares of the software maker’s stock valued at $562,000 after purchasing an additional 45 shares during the last quarter. Finally, Euro Pacific Asset Management LLC lifted its stake in shares of SAP by 5.7% in the 4th quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker’s stock valued at $213,000 after purchasing an additional 47 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on SAP shares. Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a research note on Friday, January 30th. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of SAP in a research note on Friday, January 30th. Finally, Barclays upped their price target on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

SAP Trading Up 3.4%

SAP opened at $169.69 on Friday. SAP SE has a 52 week low of $158.58 and a 52 week high of $313.28. The business has a fifty day simple moving average of $175.74 and a 200-day simple moving average of $212.94. The firm has a market cap of $208.46 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.90 and a beta of 1.11. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11.

SAP (NYSE:SAP) last released its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The business had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. On average, equities analysts expect that SAP SE will post 8.35 earnings per share for the current year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were paid a $2.9291 dividend. 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 was Tuesday, May 5th. SAP’s payout ratio is presently 28.92%.

About SAP

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.