Wolff Wiese Magana LLC Takes $605,000 Position in SAP SE (NYSE:SAP)

Wolff Wiese Magana LLC bought a new position in SAP SE (NYSE:SAP - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 2,254 shares of the software maker's stock, valued at approximately $605,000.

A number of other large investors have also recently made changes to their positions in SAP. GAMMA Investing LLC raised its position in SAP by 31,239.5% in 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 during the period. TD Asset Management Inc. raised its position 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 worth $394,563,000 after purchasing an additional 890,157 shares during the period. JPMorgan Chase & Co. raised its position in SAP by 145.5% in 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 during the period. Northern Trust Corp raised its position in SAP by 91.2% in 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 during the period. Finally, Wellington Management Group LLP purchased a new stake in SAP in the 4th quarter worth about $163,630,000.

SAP Trading Down 0.8%

SAP stock traded down $2.21 during mid-day trading on Friday, reaching $287.60. The company had a trading volume of 1,298,391 shares, compared to its average volume of 1,068,401. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $353.31 billion, a PE ratio of 55.10, a price-to-earnings-growth ratio of 4.15 and a beta of 1.32. The firm has a 50 day moving average of $290.31 and a 200 day moving average of $274.36. SAP SE has a 12 month low of $191.59 and a 12 month high of $311.40.

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, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a net margin of 16.33% and a return on equity of 13.66%. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. On average, equities analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were paid a dividend of $2.5423 per share. The ex-dividend date was Tuesday, May 13th. This is an increase 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%.

Analyst Ratings Changes

A number of analysts recently weighed in on SAP shares. Barclays reissued an "overweight" rating and issued a $308.00 price objective (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Wall Street Zen lowered shares of SAP from a "buy" rating to a "hold" rating in a research report on Saturday. Piper Sandler assumed coverage on shares of SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Argus restated a "buy" rating and issued a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company assumed coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating on the stock. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $271.83.

About SAP

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.