SAP SE (NYSE:SAP) Shares Bought by WT Asset Management Ltd

WT Asset Management Ltd boosted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 87.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,233 shares of the software maker's stock after buying an additional 61,133 shares during the quarter. SAP makes up about 4.1% of WT Asset Management Ltd's investment portfolio, making the stock its 8th largest holding. WT Asset Management Ltd's holdings in SAP were worth $35,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after purchasing an additional 1,255 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of SAP by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 348,233 shares of the software maker's stock valued at $85,738,000 after acquiring an additional 3,715 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after purchasing an additional 38 shares during the period. Proficio Capital Partners LLC bought a new position in shares of SAP during the 4th quarter valued at about $2,607,000. Finally, SVB Wealth LLC purchased a new stake in shares of SAP in the fourth quarter worth about $824,000.

SAP Stock Performance

Shares of NYSE SAP traded down $2.72 during mid-day trading on Wednesday, hitting $297.96. The stock had a trading volume of 548,024 shares, compared to its average volume of 1,073,898. The firm has a market cap of $366.04 billion, a PE ratio of 57.13, a PEG ratio of 4.34 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50 day moving average of $296.01 and a two-hundred day moving average of $276.41. SAP SE has a twelve month low of $194.93 and a twelve month high of $311.40.

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

SAP Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is presently 35.25%.

Analysts Set New Price Targets

Several research firms have commented on SAP. Wells Fargo & Company assumed coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. JMP Securities restated a "market outperform" rating and issued a $330.00 price target on shares of SAP in a research report on Friday, May 23rd. Piper Sandler initiated coverage on shares of SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Finally, Argus reiterated a "buy" rating and issued a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently 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.