Summit Financial LLC Acquires New Stake in SAP SE (NYSE:SAP)

Summit Financial LLC purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,156 shares of the software maker's stock, valued at approximately $285,000.

Other large investors have also recently modified their holdings of the company. Centricity Wealth Management LLC purchased a new position in SAP during the 4th quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the fourth quarter valued at $27,000. Rakuten Securities Inc. raised its holdings in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after acquiring an additional 108 shares in the last quarter. Albion Financial Group UT lifted its stake 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 bought a new position in SAP during the 4th quarter worth about $42,000.

Analyst Upgrades and Downgrades

SAP has been the subject of several research reports. Barclays upped their price target on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. JMP Securities boosted their price target 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 raised SAP from a "hold" rating to a "buy" rating and raised their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has an average rating of "Buy" and an average target price of $248.83.

Remove Ads

SAP Stock Performance

Shares of NYSE:SAP traded up $3.70 during trading on Tuesday, hitting $245.24. The stock had a trading volume of 963,404 shares, compared to its average volume of 1,254,483. The stock has a 50-day simple moving average of $275.73 and a two-hundred day simple moving average of $253.56. The stock has a market capitalization of $301.28 billion, a price-to-earnings ratio of 85.43, a price-to-earnings-growth 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. The company has a quick ratio of 1.10, a current ratio of 1.12 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This is a boost from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP's dividend payout ratio (DPR) is 60.28%.

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.