MGO One Seven LLC Grows Stock Position in SAP SE (NYSE:SAP)

MGO One Seven LLC boosted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 67.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,335 shares of the software maker's stock after purchasing an additional 2,150 shares during the quarter. MGO One Seven LLC's holdings in SAP were worth $1,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centricity Wealth Management LLC purchased a new position in SAP in the fourth quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP in the 4th quarter valued at $27,000. Rakuten Securities Inc. grew its stake in shares of SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after purchasing an additional 108 shares in the last quarter. Albion Financial Group UT increased its holdings in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after buying an additional 71 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in SAP in the fourth quarter valued at $42,000.

Analyst Ratings Changes

SAP has been the topic of several research analyst reports. JMP Securities raised their target price on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Barclays reiterated an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a research note on Thursday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has an average rating of "Buy" and a consensus price target of $254.67.

SAP Trading Up 1.8 %

NYSE SAP opened at $278.45 on Friday. SAP SE has a one year low of $179.15 and a one year high of $293.70. The firm has a market cap of $342.08 billion, a PE ratio of 97.02, a P/E/G ratio of 4.71 and a beta of 1.28. The firm's fifty day moving average is $267.83 and its two-hundred day moving average is $256.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. Analysts expect that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a $2.5423 dividend. This is a boost from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's payout ratio is currently 35.25%.

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.

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