Gallagher Fiduciary Advisors LLC Takes Position in SAP SE (NYSE:SAP)

Gallagher Fiduciary Advisors LLC purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,056 shares of the software maker's stock, valued at approximately $260,000.

A number of other hedge funds also recently modified their holdings of SAP. Centricity Wealth Management LLC bought a new stake in SAP during the fourth quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP during the 4th quarter valued at about $27,000. Rakuten Securities Inc. grew its stake in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT increased its holdings in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in SAP in the fourth quarter valued at approximately $42,000.

SAP Stock Performance

Shares of SAP stock traded down $4.85 during trading hours on Tuesday, hitting $297.78. 1,161,016 shares of the company were exchanged, compared to its average volume of 1,026,850. SAP SE has a 52-week low of $179.43 and a 52-week high of $307.03. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $268.76 and a 200 day simple moving average of $259.70. The stock has a market capitalization of $365.83 billion, a price-to-earnings ratio of 103.76, a P/E/G ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. Research analysts predict 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 will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. This is a boost from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 13th. SAP's dividend payout ratio is presently 35.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a report on Friday. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and raised their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Finally, BMO Capital Markets increased their price objective on SAP from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has an average rating of "Buy" and an average target price of $264.00.

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.