Tower Research Capital LLC TRC Purchases 2,584 Shares of SAP SE (NYSE:SAP)

Tower Research Capital LLC TRC boosted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 124.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,664 shares of the software maker's stock after purchasing an additional 2,584 shares during the period. Tower Research Capital LLC TRC's holdings in SAP were worth $1,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its holdings in SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock valued at $1,260,137,000 after acquiring an additional 403,956 shares during the period. TD Asset Management Inc. boosted its stake in shares of SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after acquiring an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after acquiring an additional 798,037 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SAP by 30.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,172,103 shares of the software maker's stock worth $288,583,000 after purchasing an additional 273,417 shares in the last quarter. Finally, WCM Investment Management LLC bought a new position in SAP in the 4th quarter worth $290,023,000.

SAP Price Performance

SAP traded up $4.90 during trading on Friday, hitting $278.45. 1,849,940 shares of the company traded hands, compared to its average volume of 996,111. 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 company has a market cap of $342.08 billion, a PE ratio of 97.02, a P/E/G ratio of 4.71 and a beta of 1.28. The stock's 50-day simple moving average is $267.83 and its two-hundred day simple moving average is $256.79. SAP SE has a 1 year low of $179.15 and a 1 year 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 the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, sell-side analysts anticipate 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. Shareholders of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. The ex-dividend date is Tuesday, May 13th. This represents a yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is 35.25%.

Analysts Set New Price Targets

Several research firms have issued reports on SAP. JMP Securities boosted their price target on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. 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 target on shares of SAP in a report on Thursday, January 30th. Barclays reissued an "overweight" rating and issued a $308.00 price objective (up from $286.00) on shares of SAP in a research note on Thursday. Finally, BMO Capital Markets lifted their target price on shares of SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday. 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.

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.