Breakwater Capital Group Takes $243,000 Position in SAP SE (NYSE:SAP)

Breakwater Capital Group purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 907 shares of the software maker's stock, valued at approximately $243,000.

Other large investors have also recently bought and sold shares of the company. Centricity Wealth Management LLC purchased a new position in SAP during the 4th quarter valued at about $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. grew its position in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares in the last quarter. Founders Capital Management increased its stake in SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after buying an additional 75 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in SAP in the 4th quarter worth approximately $42,000.

SAP Stock Up 0.2%

SAP opened at $309.84 on Friday. The firm has a market cap of $380.64 billion, a P/E ratio of 107.96, a price-to-earnings-growth ratio of 4.71 and a beta of 1.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The business has a 50 day moving average price of $281.91 and a 200 day moving average price of $269.98. SAP SE has a twelve month low of $186.40 and a twelve month high of $311.40.

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 for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. Research analysts forecast that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of SAP in a report on Tuesday, May 20th. They set an "overweight" rating on the stock. Argus restated a "buy" rating and issued a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. 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 note on Friday, May 23rd. Barclays reiterated an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a report on Thursday, April 24th. Finally, JMP Securities restated a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $271.83.

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.

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