GF Fund Management CO. LTD. Purchases Shares of 16,977 SAP SE (NYSE:SAP)

GF Fund Management CO. LTD. acquired a new position in shares of SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,977 shares of the software maker's stock, valued at approximately $4,557,000.

Several other institutional investors also recently modified their holdings of SAP. Brighton Jones LLC increased its stake in shares of SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock worth $648,000 after purchasing an additional 1,255 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock valued at $235,000 after buying an additional 38 shares during the last quarter. Jones Financial Companies Lllp grew its stake in SAP by 110.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,568 shares of the software maker's stock valued at $386,000 after buying an additional 823 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in SAP in the 4th quarter valued at about $186,000. Finally, Steward Partners Investment Advisory LLC grew its stake in SAP by 164.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock valued at $660,000 after buying an additional 1,667 shares during the last quarter.

SAP Price Performance

SAP stock traded up $4.60 during trading on Friday, reaching $302.76. 858,048 shares of the company were exchanged, compared to its average volume of 1,082,993. The company has a 50-day moving average of $297.61 and a two-hundred day moving average of $277.49. The company has a market capitalization of $371.93 billion, a price-to-earnings ratio of 58.00, a P/E/G ratio of 4.34 and a beta of 1.30. SAP SE has a twelve month low of $194.93 and a twelve month high of $311.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 16.33% and a return on equity of 13.66%. As a group, equities analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a $2.5423 dividend. This is a boost from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. The ex-dividend date was Tuesday, May 13th. SAP's dividend payout ratio is 35.25%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Argus reissued a "buy" rating and issued a $320.00 price objective on shares of SAP in a report on Tuesday, April 29th. Wells Fargo & Company began coverage on shares of SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. Finally, Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, SAP has a consensus rating of "Buy" and a consensus price target of $271.83.

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.