Louisbourg Investments Inc. grew its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 35.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,180 shares of the software maker's stock after purchasing an additional 1,100 shares during the quarter. Louisbourg Investments Inc.'s holdings in SAP were worth $1,122,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Grove Bank & Trust increased its position in shares of SAP by 37.4% during the 1st quarter. Grove Bank & Trust now owns 782 shares of the software maker's stock valued at $210,000 after purchasing an additional 213 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of SAP by 0.7% during the 1st quarter. QRG Capital Management Inc. now owns 95,147 shares of the software maker's stock valued at $25,541,000 after purchasing an additional 630 shares during the last quarter. Highline Wealth Partners LLC increased its position in shares of SAP by 126.2% during the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after purchasing an additional 77 shares during the last quarter. Sagespring Wealth Partners LLC increased its position in shares of SAP by 17.2% during the 1st quarter. Sagespring Wealth Partners LLC now owns 3,744 shares of the software maker's stock valued at $1,005,000 after purchasing an additional 550 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of SAP during the 1st quarter valued at about $738,000.
SAP Trading Up 0.9%
SAP stock opened at $296.09 on Tuesday. SAP SE has a 1-year low of $188.17 and a 1-year high of $311.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company has a market capitalization of $363.74 billion, a price-to-earnings ratio of 103.17, a PEG ratio of 4.71 and a beta of 1.32. The business has a 50 day simple moving average of $287.87 and a two-hundred day simple moving average of $273.21.
SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping 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 business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. Research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.
SAP Increases Dividend
The company also recently announced an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were given a dividend of $2.5423 per share. This is an increase from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 13th. SAP's dividend payout ratio is currently 35.25%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on SAP shares. Wells Fargo & Company started coverage on shares of SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. BMO Capital Markets increased their target price on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. UBS Group raised shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. Argus reissued a "buy" rating and issued a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, SAP presently has a consensus rating of "Buy" and an average target price of $271.83.
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SAP Profile
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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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