First Trust Direct Indexing L.P. Has $4.05 Million Stock Holdings in SAP SE (NYSE:SAP)

First Trust Direct Indexing L.P. raised its stake in shares of SAP SE (NYSE:SAP) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,788 shares of the software maker’s stock after buying an additional 196 shares during the period. First Trust Direct Indexing L.P.’s holdings in SAP were worth $4,054,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in SAP in the first quarter valued at about $25,000. Sunbelt Securities Inc. acquired a new stake in shares of SAP in the 1st quarter valued at $29,000. Wetzel Investment Advisors Inc. bought a new stake in SAP in the fourth quarter worth $31,000. Adirondack Trust Co. increased its position in SAP by 121.1% during the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after buying an additional 109 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in SAP during the fourth quarter valued at about $33,000.

SAP Trading Up 2.2 %

SAP traded up $4.32 on Thursday, hitting $202.90. 471,630 shares of the stock traded hands, compared to its average volume of 812,983. 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 SE has a 52 week low of $126.75 and a 52 week high of $204.33. The business has a fifty day moving average price of $190.74 and a two-hundred day moving average price of $181.39.

SAP (NYSE:SAP) last issued its earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.06). SAP had a net margin of 15.76% and a return on equity of 9.79%. The business had revenue of $8.73 billion for the quarter, compared to analyst estimates of $8.73 billion. On average, analysts expect that SAP SE will post 4.56 earnings per share for the current year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th were given a $2.3852 dividend. This represents a yield of 0.9%. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend was Thursday, May 16th. SAP’s dividend payout ratio is 37.53%.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of recent analyst reports. BMO Capital Markets raised shares of SAP from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $218.00 to $237.00 in a research report on Friday, June 28th. Sanford C. Bernstein assumed coverage on SAP in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target on the stock. KeyCorp initiated coverage on SAP in a research note 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 company a “market outperform” rating in a research note on Tuesday, April 23rd. Finally, Barclays dropped their price target on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, 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.