Diligent Investors LLC Makes New $657,000 Investment in SAP SE (NYSE:SAP)

Diligent Investors LLC purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,668 shares of the software maker's stock, valued at approximately $657,000.

A number of other hedge funds have also recently made changes to their positions in SAP. Centricity Wealth Management LLC bought a new stake in SAP in the fourth quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP in the fourth quarter worth about $27,000. Rakuten Securities Inc. lifted its stake in shares of SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after acquiring an additional 108 shares during the last quarter. Albion Financial Group UT boosted its holdings in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $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 approximately $42,000.

SAP Stock Performance

SAP stock opened at $297.78 on Wednesday. SAP SE has a fifty-two week low of $179.43 and a fifty-two week high of $303.40. The stock has a market cap of $365.83 billion, a price-to-earnings ratio of 103.76, a PEG ratio of 4.71 and a beta of 1.35. The stock's 50 day simple moving average is $269.23 and its two-hundred day simple moving average is $259.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion for 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, analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. This represents a yield of 0.8%. The ex-dividend date is Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is 35.25%.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday. Barclays reiterated an "overweight" rating and set a $308.00 target price (up from $286.00) on shares of SAP in a report on Thursday, April 24th. BMO Capital Markets boosted their price target on SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, Argus reiterated a "buy" rating and issued a $320.00 price objective on shares of SAP in a report on Tuesday, April 29th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $264.00.

SAP Company 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.

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