Brucke Financial Inc. Invests $932,000 in SAP SE (NYSE:SAP)

Brucke Financial Inc. bought a new stake in SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,786 shares of the software maker's stock, valued at approximately $932,000. SAP makes up about 0.8% of Brucke Financial Inc.'s investment portfolio, making the stock its 29th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAP. Mount Yale Investment Advisors LLC lifted its position in shares of SAP by 208.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock worth $4,030,000 after purchasing an additional 11,057 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of SAP by 152.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock worth $101,969,000 after purchasing an additional 249,824 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of SAP by 98.9% during the fourth quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock worth $633,000 after purchasing an additional 1,279 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of SAP by 164.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock worth $660,000 after purchasing an additional 1,667 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in shares of SAP by 89.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 5,511 shares of the software maker's stock worth $1,357,000 after purchasing an additional 2,601 shares during the last quarter.

SAP Stock Up 2.1%

SAP traded up $6.24 on Friday, hitting $303.17. The company had a trading volume of 1,188,330 shares, compared to its average volume of 1,054,752. The stock has a fifty day moving average price of $277.99 and a 200-day moving average price of $267.32. SAP SE has a 12-month low of $179.43 and a 12-month high of $304.43. 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 stock has a market capitalization of $372.45 billion, a price-to-earnings ratio of 105.63, a P/E/G ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) 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 company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. Analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were paid a $2.5423 dividend. This represents a yield of 0.8%. 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. SAP's payout ratio is 35.25%.

Analyst Ratings Changes

SAP has been the subject of several research analyst reports. Wells Fargo & Company initiated coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. BMO Capital Markets raised their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. JMP Securities restated a "market outperform" rating and set a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. Barclays restated an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Finally, Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $271.83.

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.