Venturi Wealth Management LLC Buys 4,816 Shares of SAP SE $SAP

Venturi Wealth Management LLC increased its stake in shares of SAP SE (NYSE:SAP) by 48.7% in the first quarter, HoldingsChannel reports. The firm owned 14,704 shares of the software maker’s stock after buying an additional 4,816 shares during the period. Venturi Wealth Management LLC’s holdings in SAP were worth $2,517,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SAP. Sound Income Strategies LLC grew its stake in SAP by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. Bayban purchased a new stake in shares of SAP during the fourth quarter valued at about $28,000. Community Bank N.A. purchased a new stake in shares of SAP during the third quarter valued at about $32,000. Kozak & Associates Inc. bought a new stake in shares of SAP in the 3rd quarter valued at about $37,000. Finally, GoalVest Advisory LLC bought a new stake in shares of SAP in the 4th quarter valued at about $35,000.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $265.00 price objective on shares of SAP in a research note on Wednesday, June 10th. Zacks Research downgraded shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings lowered shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Finally, Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $283.40.

SAP Price Performance

Shares of SAP stock opened at $155.24 on Friday. SAP SE has a fifty-two week low of $148.06 and a fifty-two week 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 capitalization of $190.71 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.68 and a beta of 1.12. The stock’s 50-day simple moving average is $171.33 and its 200-day simple moving average is $196.55.

SAP (NYSE:SAP) last announced its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The firm had revenue of $11.06 billion during the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. As a group, equities analysts forecast that SAP SE will post 8.36 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued a $2.9291 dividend. This is an increase from SAP’s previous annual dividend of $2.54. This represents a dividend yield of 170.0%. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s dividend payout ratio is 28.78%.

SAP Company 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.