GAMMA Investing LLC Has $350.64 Million Stock Position in SAP SE (NYSE:SAP)

GAMMA Investing LLC boosted its position in shares of SAP SE (NYSE:SAP - Free Report) by 31,239.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,306,229 shares of the software maker's stock after acquiring an additional 1,302,061 shares during the period. GAMMA Investing LLC owned approximately 0.11% of SAP worth $350,644,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAP. Brighton Jones LLC increased its stake in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after acquiring an additional 1,255 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in SAP in the 4th quarter valued at $222,000. Perigon Wealth Management LLC raised its stake in SAP by 4.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,568 shares of the software maker's stock worth $672,000 after acquiring an additional 102 shares in the last quarter. R Squared Ltd bought a new position in shares of SAP during the fourth quarter valued at $113,000. Finally, Gries Financial LLC acquired a new stake in shares of SAP in the 4th quarter valued at $237,000.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SAP shares. Argus reissued a "buy" rating and set a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. UBS Group upgraded SAP to a "strong-buy" rating in a research report on Friday, May 30th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Friday, May 2nd. BMO Capital Markets raised their target price on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Finally, JMP Securities reiterated a "market outperform" rating and set a $330.00 price target on shares of SAP in a research report on Friday, May 23rd. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $271.83.

SAP Trading Up 1.2%

NYSE:SAP traded up $3.53 on Wednesday, hitting $309.92. 310,528 shares of the stock were exchanged, compared to its average volume of 1,053,786. The stock has a market capitalization of $380.74 billion, a price-to-earnings ratio of 107.99, a P/E/G ratio of 4.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a 52 week low of $183.23 and a 52 week high of $310.54. The company's 50-day moving average price is $279.49 and its 200 day moving average price is $268.63.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

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

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.