GF Fund Management CO. LTD. bought a new position in SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,977 shares of the software maker's stock, valued at approximately $4,557,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC boosted its stake in SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after buying an additional 82 shares during the period. Creative Financial Designs Inc. ADV raised its position in shares of SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after buying an additional 66 shares in the last quarter. Rakuten Securities Inc. increased its stake in SAP by 2,700.0% in the fourth 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. Founders Capital Management boosted its holdings in shares of SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after purchasing an additional 75 shares in the last quarter. Finally, Highline Wealth Partners LLC lifted its holdings in shares of SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after acquiring an additional 77 shares during the last quarter.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. BMO Capital Markets raised their price target on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Piper Sandler began coverage on shares of SAP in a report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Argus restated a "buy" rating and issued a $320.00 price objective on shares of SAP in a report on Tuesday, April 29th. Barclays restated an "overweight" rating and issued a $308.00 price target (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Finally, Wells Fargo & Company started coverage on shares of SAP in a research note on Tuesday, May 20th. They set an "overweight" rating on the stock. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $271.83.
Check Out Our Latest Report on SAP
SAP Stock Performance
NYSE SAP traded up $4.60 on Friday, hitting $302.76. 858,048 shares of the company's stock were exchanged, compared to its average volume of 1,080,870. The firm has a market cap 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 fifty-two week low of $194.93 and a fifty-two week high of $311.40. The firm's 50-day moving average price is $297.61 and its two-hundred day moving average price is $277.26. 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 issued its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. On average, research analysts expect that SAP SE will post 6.55 EPS for the current year.
SAP Increases Dividend
The business also recently declared an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a $2.5423 dividend. The ex-dividend date was Tuesday, May 13th. This is a boost from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's dividend payout ratio is currently 35.25%.
About SAP
(
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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