TrueMark Investments LLC Makes New $344,000 Investment in SAP SE (NYSE:SAP)

TrueMark Investments LLC acquired a new position in SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,280 shares of the software maker's stock, valued at approximately $344,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of SAP by 31,239.5% in the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after buying an additional 1,302,061 shares in the last quarter. TD Asset Management Inc. grew its stake in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after acquiring an additional 890,157 shares during the period. JPMorgan Chase & Co. raised its position in SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after acquiring an additional 798,037 shares during the period. Northern Trust Corp raised its position in SAP by 91.2% during the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after acquiring an additional 701,880 shares during the period. Finally, Wellington Management Group LLP purchased a new position in SAP during the fourth quarter valued at $163,630,000.

SAP Trading Up 1.9%

Shares of SAP traded up $5.74 during midday trading on Friday, reaching $301.29. The company had a trading volume of 1,030,484 shares, compared to its average volume of 1,073,657. SAP SE has a 1-year low of $194.93 and a 1-year 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 firm has a 50 day simple moving average of $293.07 and a 200-day simple moving average of $275.20. The stock has a market cap of $370.13 billion, a PE ratio of 57.72, a price-to-earnings-growth ratio of 4.18 and a beta of 1.32.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. Research analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were paid a dividend of $2.5423 per share. This is a boost from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a yield of 0.8%. SAP's dividend payout ratio (DPR) is 35.25%.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research analyst reports. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. Piper Sandler started coverage on SAP in a research note on Tuesday, June 17th. They set an "overweight" rating for the company. Wells Fargo & Company started coverage on SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. BMO Capital Markets lifted their price target on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, SAP presently has a consensus rating of "Buy" and an average price target of $271.83.

SAP Company 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.