Tidal Investments LLC Purchases 1,537 Shares of SAP SE (NYSE:SAP)

Tidal Investments LLC boosted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 14.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,481 shares of the software maker's stock after acquiring an additional 1,537 shares during the period. Tidal Investments LLC's holdings in SAP were worth $3,073,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Merit Financial Group LLC acquired a new position in shares of SAP in the 4th quarter valued at $654,000. Koshinski Asset Management Inc. grew its holdings in shares of SAP by 13.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 1,051 shares of the software maker's stock valued at $259,000 after buying an additional 122 shares during the period. Pure Financial Advisors LLC grew its holdings in shares of SAP by 7.7% in the 4th quarter. Pure Financial Advisors LLC now owns 1,089 shares of the software maker's stock valued at $268,000 after buying an additional 78 shares during the period. Ballentine Partners LLC grew its holdings in shares of SAP by 12.7% in the 4th quarter. Ballentine Partners LLC now owns 7,216 shares of the software maker's stock valued at $1,777,000 after buying an additional 813 shares during the period. Finally, Simon Quick Advisors LLC grew its holdings in shares of SAP by 16.8% in the 4th quarter. Simon Quick Advisors LLC now owns 1,697 shares of the software maker's stock valued at $418,000 after buying an additional 244 shares during the period.

SAP Stock Down 1.7%

NYSE SAP traded down $4.95 on Friday, reaching $294.89. The company had a trading volume of 1,419,949 shares, compared to its average volume of 1,054,621. The firm has a market capitalization of $362.27 billion, a price-to-earnings ratio of 102.75, a price-to-earnings-growth 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 1-year low of $179.43 and a 1-year high of $303.40. The company's fifty day moving average is $275.53 and its 200-day moving average is $265.15.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping 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 firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. On average, research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, May 13th. This is a boost from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's payout ratio is 35.25%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of SAP in a report on Tuesday. They issued an "overweight" rating for the company. Argus reissued a "buy" rating and issued a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. JMP Securities reissued a "market outperform" rating and issued a $330.00 price target on shares of SAP in a report on Friday. Finally, BMO Capital Markets upped their target price on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has an average rating of "Buy" and an average price target of $271.83.

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.