Argent Trust Co Acquires Shares of 1,402 SAP SE (NYSE:SAP)

Argent Trust Co bought a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,402 shares of the software maker's stock, valued at approximately $345,000.

Other hedge funds have also made changes to their positions in the company. Atomi Financial Group Inc. lifted its holdings in SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock worth $3,074,000 after buying an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock valued at $4,030,000 after acquiring an additional 11,057 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock worth $125,654,000 after purchasing an additional 7,667 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SAP by 152.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock worth $101,969,000 after purchasing an additional 249,824 shares during the period. Finally, D.A. Davidson & CO. increased its stake in SAP by 98.9% during the fourth quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock valued at $633,000 after purchasing an additional 1,279 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barclays lifted their price target on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and raised their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $247.67.

SAP Price Performance

Shares of SAP stock traded down $3.46 during midday trading on Friday, reaching $257.02. 1,503,694 shares of the company were exchanged, compared to its average volume of 981,820. The company's 50 day moving average price is $271.11 and its two-hundred day moving average price is $254.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market cap of $315.75 billion, a P/E ratio of 89.55, a PEG ratio of 4.71 and a beta of 1.28. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be given a $2.5423 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 13th. This is an increase from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio is 64.11%.

SAP Company 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.