Intergy Private Wealth LLC bought a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 822 shares of the software maker's stock, valued at approximately $221,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Street Partners LLC increased its stake in SAP by 1.0% during the 4th 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. boosted its stake in SAP by 4.1% during the 4th 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 boosted its stake in SAP by 0.4% during the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock valued at $2,730,000 after purchasing an additional 39 shares during the last quarter. Lindbrook Capital LLC boosted its stake in SAP by 2.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock valued at $538,000 after purchasing an additional 43 shares during the last quarter. Finally, Addison Advisors LLC boosted its stake in SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock valued at $390,000 after purchasing an additional 46 shares during the last quarter.
SAP Trading Down 0.3%
SAP stock traded down $1.04 during mid-day trading on Tuesday, reaching $304.38. 1,022,027 shares of the stock traded hands, compared to its average volume of 1,060,920. 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 one year low of $186.40 and a one year high of $311.40. The stock has a market capitalization of $373.94 billion, a PE ratio of 106.06, a PEG ratio of 4.71 and a beta of 1.32. The business has a 50-day moving average price of $283.39 and a two-hundred day moving average price of $271.17.
SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. Equities research analysts expect 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. Investors of record on Tuesday, May 13th were paid a $2.5423 dividend. The ex-dividend date was Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's dividend payout ratio is 35.25%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. JMP Securities reissued a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. Wells Fargo & Company started coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. Barclays reiterated an "overweight" rating and set a $308.00 target price (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. UBS Group upgraded SAP to a "strong-buy" rating in a research report on Friday, May 30th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $271.83.
Get Our Latest Stock Analysis 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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