5,718 Shares in SAP SE (NYSE:SAP) Acquired by Cypress Advisory Group LLC

Cypress Advisory Group LLC acquired a new position in shares of SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,718 shares of the software maker's stock, valued at approximately $1,408,000. SAP makes up approximately 1.3% of Cypress Advisory Group LLC's investment portfolio, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of SAP. Oppenheimer & Co. Inc. boosted its holdings in SAP by 4.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after acquiring an additional 38 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after purchasing an additional 43 shares during the last quarter. Foster Group Inc. grew its position in SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock worth $268,000 after purchasing an additional 45 shares in the last quarter. Wedmont Private Capital increased its stake in SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock valued at $485,000 after buying an additional 46 shares during the last quarter. Finally, Addison Advisors LLC lifted its position in shares of SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock worth $390,000 after buying an additional 46 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on the company. BMO Capital Markets increased their price target on SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Argus restated a "buy" rating and set a $320.00 price objective on shares of SAP in a report on Tuesday. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and boosted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Barclays reaffirmed an "overweight" rating and issued a $308.00 price target (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP currently has a consensus rating of "Buy" and a consensus price target of $264.00.

SAP Stock Performance

Shares of NYSE:SAP traded up $12.86 during trading on Friday, hitting $301.79. 2,751,645 shares of the company were exchanged, compared to its average volume of 1,021,893. The company has a market cap of $370.75 billion, a PE ratio of 105.15, a P/E/G ratio of 4.71 and a beta of 1.28. SAP SE has a 52-week low of $179.43 and a 52-week high of $302.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a 50 day moving average of $268.42 and a 200 day moving average of $258.99.

SAP (NYSE:SAP - Get Free Report) last announced 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. SAP had a return on equity of 12.18% and a net margin of 9.17%. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. As a group, equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The business also recently announced 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 of this dividend is Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's payout ratio is presently 35.25%.

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.