TrueMark Investments LLC Takes $344,000 Position in SAP SE (NYSE:SAP)

TrueMark Investments LLC purchased a new stake in SAP SE (NYSE:SAP - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,280 shares of the software maker's stock, valued at approximately $344,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SAP. GAMMA Investing LLC increased its stake in SAP by 31,239.5% during the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after purchasing an additional 1,302,061 shares in the last quarter. TD Asset Management Inc. increased its stake in SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after purchasing an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. increased its stake in SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares in the last quarter. Northern Trust Corp increased its stake in SAP by 91.2% during the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after purchasing an additional 701,880 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in SAP during the 4th quarter worth approximately $163,630,000.

SAP Price Performance

Shares of SAP opened at $291.02 on Tuesday. SAP SE has a twelve month low of $191.59 and a twelve month 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 company has a 50 day moving average of $290.94 and a 200-day moving average of $274.62. The stock has a market capitalization of $357.52 billion, a P/E ratio of 55.75, a P/E/G ratio of 4.15 and a beta of 1.32.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a net margin of 16.33% and a return on equity of 13.66%. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. As a group, equities research analysts forecast 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. Investors of record on Tuesday, May 13th were paid a $2.5423 dividend. 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 dividend yield of 0.8%. SAP's dividend payout ratio (DPR) is currently 35.25%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SAP. Wall Street Zen cut SAP from a "buy" rating to a "hold" rating in a research note on Saturday. Piper Sandler began coverage on SAP in a research note on Tuesday, June 17th. They set an "overweight" rating for the company. Barclays reaffirmed an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Finally, Argus reaffirmed a "buy" rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, SAP currently 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.

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