Generali Investments CEE investicni spolecnost a.s. purchased a new position 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 36,024 shares of the software maker's stock, valued at approximately $9,650,000. SAP makes up approximately 0.9% of Generali Investments CEE investicni spolecnost a.s.'s holdings, making the stock its 18th largest holding.
A number of other institutional investors have also recently bought and sold shares of the business. Wayfinding Financial LLC acquired a new stake in SAP during the first quarter worth $105,000. Olde Wealth Management LLC acquired a new stake in shares of SAP in the 1st quarter valued at $80,000. GF Fund Management CO. LTD. acquired a new stake in shares of SAP in the 1st quarter valued at $4,557,000. Calamos Wealth Management LLC boosted its stake in shares of SAP by 42.6% in the 1st quarter. Calamos Wealth Management LLC now owns 17,045 shares of the software maker's stock valued at $4,576,000 after purchasing an additional 5,089 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in shares of SAP by 8.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,296 shares of the software maker's stock valued at $1,690,000 after purchasing an additional 464 shares in the last quarter.
SAP Stock Up 1.5%
Shares of NYSE:SAP traded up $4.60 during midday trading on Friday, hitting $302.76. The stock had a trading volume of 858,048 shares, compared to its average volume of 1,082,993. SAP SE has a 12 month low of $194.93 and a 12 month high of $311.40. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. The business's 50-day simple moving average is $297.61 and its 200-day simple moving average is $277.26. The company has a market cap of $371.93 billion, a P/E ratio of 58.00, a PEG ratio of 4.34 and a beta of 1.30.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly 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 13.66% and a net margin of 16.33%. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. On average, sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.
SAP Increases Dividend
The company also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a dividend of $2.5423 per share. This is a boost from SAP's previous annual dividend of $2.39. The ex-dividend date was Tuesday, May 13th. This represents a yield of 0.8%. SAP's dividend payout ratio (DPR) is presently 35.25%.
Wall Street Analysts Forecast Growth
SAP has been the topic of several recent analyst reports. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Wells Fargo & Company initiated coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. Argus reiterated a "buy" rating and set a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. JMP Securities reissued a "market outperform" rating and set a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. Finally, Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $271.83.
Check Out Our Latest Research Report on SAP
SAP Company Profile
(
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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