Thoroughbred Financial Services LLC purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,397 shares of the software maker's stock, valued at approximately $1,082,000.
A number of other institutional investors have also modified their holdings of SAP. Centricity Wealth Management LLC acquired a new position in shares of SAP during the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP in the 4th quarter worth $27,000. Rakuten Securities Inc. raised its position 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 acquiring an additional 108 shares during the period. Albion Financial Group UT lifted its holdings in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after purchasing an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of SAP in the fourth quarter valued at about $42,000.
SAP Stock Performance
Shares of SAP stock traded up $0.56 during mid-day trading on Friday, hitting $259.05. The stock had a trading volume of 1,627,681 shares, compared to its average volume of 972,150. The firm 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 company's 50-day simple moving average is $272.86 and its 200-day simple moving average is $254.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70.
SAP (NYSE:SAP - Get Free Report) last issued its 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%. Sell-side analysts anticipate 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 issued a $2.5423 dividend. This is a boost from SAP's previous annual dividend of $2.39. The ex-dividend date is Tuesday, May 13th. This represents a yield of 0.8%. SAP's payout ratio is 64.11%.
Analyst Ratings Changes
SAP has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. Finally, TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and boosted their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has an average rating of "Buy" and an average price target of $248.83.
Read Our Latest Stock Analysis on SAP
SAP Company Profile
(
Free Report)
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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