6,371 Shares in SAP SE (NYSE:SAP) Purchased by Interval Partners LP

Interval Partners LP acquired a new position in shares of SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,371 shares of the software maker's stock, valued at approximately $1,569,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAP. Oppenheimer & Co. Inc. increased its position in shares of SAP by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after acquiring an additional 38 shares in the last quarter. Alaethes Wealth LLC increased its holdings in SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock valued at $2,730,000 after purchasing an additional 39 shares in the last quarter. Lindbrook Capital LLC raised its position in SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock valued at $538,000 after purchasing an additional 43 shares during the period. Foster Group Inc. lifted its stake in shares of SAP by 4.3% during the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock worth $268,000 after purchasing an additional 45 shares in the last quarter. Finally, Wedmont Private Capital boosted its position in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock worth $485,000 after buying an additional 46 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SAP shares. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a report on Friday, May 2nd. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and upped their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities lifted their price target on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. BMO Capital Markets upped their price objective on shares of SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Barclays reaffirmed an "overweight" rating and set a $308.00 target price (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has a consensus rating of "Buy" and an average price target of $264.00.

SAP Stock Up 2.1%

SAP stock traded up $5.99 during mid-day trading on Thursday, hitting $294.45. 1,049,918 shares of the company were exchanged, compared to its average volume of 1,041,081. The firm has a fifty day simple moving average of $270.79 and a 200 day simple moving average of $262.20. The company has a market capitalization of $361.73 billion, a PE ratio of 102.60, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. SAP SE has a twelve month low of $179.43 and a twelve month high of $303.40. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly 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 12.18% and a net margin of 9.17%. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. On average, research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. This is a positive change 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 currently 35.25%.

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.