MIG Capital LLC Invests $336,000 in SAP SE (NYSE:SAP)

MIG Capital LLC bought a new stake in SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,364 shares of the software maker's stock, valued at approximately $336,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Centricity Wealth Management LLC bought a new position in SAP in the 4th quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the fourth quarter valued at about $27,000. Rakuten Securities Inc. increased its holdings in 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 buying an additional 108 shares during the last quarter. Albion Financial Group UT raised its position in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after acquiring an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in SAP in the fourth quarter valued at about $42,000.

SAP Price Performance

NYSE:SAP traded down $0.40 during mid-day trading on Friday, hitting $258.09. 938,192 shares of the stock traded hands, compared to its average volume of 969,806. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The company has a market cap of $317.07 billion, a PE ratio of 90.04, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. The business's 50-day moving average price is $273.24 and its 200 day moving average price is $253.96.

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

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be issued a $2.5423 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a boost from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is presently 64.11%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and lifted their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $248.83.

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.