Polymer Capital Management HK LTD Invests $443,000 in SAP SE (NYSE:SAP)

Polymer Capital Management HK LTD purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,800 shares of the software maker's stock, valued at approximately $443,000.

Several other large investors have also recently added to or reduced their stakes in SAP. Centricity Wealth Management LLC purchased a new stake in shares of SAP in the fourth quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. raised 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 valued at $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT lifted its position in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of SAP in the fourth quarter valued at $42,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAP. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. JMP Securities raised their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Finally, TD Cowen upgraded 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 research note on Friday, January 17th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $248.83.

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SAP Stock Performance

NYSE SAP traded up $0.56 during trading hours on Friday, reaching $259.05. The company's stock had a trading volume of 1,627,681 shares, compared to its average volume of 972,150. The stock has a market cap of $318.25 billion, a PE ratio of 90.26, a PEG ratio of 4.71 and a beta of 1.28. The business has a 50-day simple moving average of $272.86 and a 200 day simple moving average of $254.21. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS 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%. Equities research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

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

SAP 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.