Seaview Investment Managers LLC Acquires Shares of 1,081 SAP SE (NYSE:SAP)

Seaview Investment Managers LLC acquired a new position in 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 acquired 1,081 shares of the software maker's stock, valued at approximately $266,000.

Several other hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC boosted its holdings in shares of SAP by 448.0% in the 3rd quarter. Anchor Investment Management LLC now owns 274 shares of the software maker's stock worth $63,000 after buying an additional 224 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of SAP in the third quarter valued at $227,000. Wilmington Savings Fund Society FSB purchased a new position in shares of SAP during the 3rd quarter valued at $494,000. Tidal Investments LLC grew its stake in shares of SAP by 15.8% during the 3rd quarter. Tidal Investments LLC now owns 10,944 shares of the software maker's stock worth $2,507,000 after acquiring an additional 1,496 shares during the period. Finally, Decatur Capital Management Inc. bought a new position in shares of SAP during the 3rd quarter worth $220,000.

Wall Street Analysts Forecast Growth

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

SAP Price Performance

Shares of NYSE:SAP traded up $2.04 during trading on Thursday, reaching $273.52. The company had a trading volume of 1,607,984 shares, compared to its average volume of 995,408. The company has a fifty day moving average of $268.45 and a two-hundred day moving average of $255.86. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $336.02 billion, a P/E ratio of 95.30, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. SAP SE has a 12 month low of $179.15 and a 12 month high of $293.70.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. Equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current 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 paid a $2.5423 dividend. The ex-dividend date is Tuesday, May 13th. This is an increase from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's payout ratio is currently 64.11%.

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.