Rafferty Asset Management LLC purchased a new position in SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,261 shares of the software maker's stock, valued at approximately $310,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAP. Centricity Wealth Management LLC bought a new position in SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. raised its position in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after acquiring an additional 108 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in SAP during the fourth quarter valued at approximately $42,000. Finally, Iron Horse Wealth Management LLC bought a new position in SAP during the fourth quarter valued at approximately $57,000.
Analysts Set New Price Targets
SAP has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Argus reaffirmed a "buy" rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. JMP Securities reaffirmed a "market outperform" rating and set a $330.00 price objective on shares of SAP in a research report on Friday, May 23rd. Wells Fargo & Company initiated coverage on shares of SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Finally, Barclays reissued an "overweight" rating and issued a $308.00 price target (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $271.83.
Check Out Our Latest Stock Report on SAP
SAP Stock Performance
Shares of NYSE:SAP traded up $0.15 during trading on Thursday, reaching $298.22. The stock had a trading volume of 312,699 shares, compared to its average volume of 1,053,738. SAP SE has a 52 week low of $179.43 and a 52 week high of $304.43. The firm has a market capitalization of $366.36 billion, a price-to-earnings ratio of 103.91, a P/E/G ratio of 4.71 and a beta of 1.35. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $277.11 and a two-hundred day simple moving average of $266.43.
SAP (NYSE:SAP - Get Free Report) last released its quarterly 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 net margin of 9.17% and a return on equity of 12.18%. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. As a group, analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.
SAP Increases Dividend
The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were given a dividend of $2.5423 per share. The ex-dividend date was Tuesday, May 13th. This represents a yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. SAP's payout ratio is 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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