Dynamic Advisor Solutions LLC acquired a new position in SAP SE (NYSE:SAP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,246 shares of the software maker's stock, valued at approximately $603,000.
Other hedge funds have also modified their holdings of the company. Principal Street Partners LLC grew its holdings in shares of SAP by 1.0% in the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after purchasing an additional 35 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock valued at $235,000 after purchasing an additional 38 shares during the last quarter. Alaethes Wealth LLC grew its stake in shares of SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after buying an additional 39 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of SAP by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after buying an additional 43 shares in the last quarter. Finally, Addison Advisors LLC increased its holdings in shares of SAP by 3.0% in the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock worth $390,000 after buying an additional 46 shares during the last quarter.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Piper Sandler began coverage on shares of SAP in a report on Tuesday. They issued an "overweight" rating for the company. Argus restated a "buy" rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. JMP Securities reiterated a "market outperform" rating and issued a $330.00 target price on shares of SAP in a report on Friday, May 23rd. Wells Fargo & Company began coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. Finally, 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. Ten 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.com, SAP presently has an average rating of "Buy" and a consensus price target of $271.83.
View Our Latest Research Report on SAP
SAP Trading Down 0.9%
Shares of NYSE SAP traded down $2.72 during midday trading on Thursday, hitting $289.92. The company's stock had a trading volume of 1,611,034 shares, compared to its average volume of 1,066,212. SAP SE has a 12-month low of $190.21 and a 12-month high of $311.40. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The firm has a market cap of $356.17 billion, a P/E ratio of 55.54, a price-to-earnings-growth ratio of 4.22 and a beta of 1.32. The business's 50 day moving average is $289.11 and its two-hundred day moving average is $273.45.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating 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 company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. As a group, equities 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. Stockholders 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 dividend yield of 0.8%. SAP's dividend payout ratio is presently 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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