MGO One Seven LLC Acquires 2,150 Shares of SAP SE (NYSE:SAP)

MGO One Seven LLC boosted its holdings in SAP SE (NYSE:SAP - Free Report) by 67.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,335 shares of the software maker's stock after buying an additional 2,150 shares during the period. MGO One Seven LLC's holdings in SAP were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

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

SAP Trading Down 0.9 %

SAP stock traded down $2.73 during mid-day trading on Wednesday, hitting $289.82. The company's stock had a trading volume of 1,608,803 shares, compared to its average volume of 1,006,652. The business has a 50 day moving average price of $267.85 and a 200-day moving average price of $257.66. SAP SE has a 12 month low of $179.15 and a 12 month high of $293.70. The stock has a market cap of $356.05 billion, a price-to-earnings ratio of 100.98, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP - Get Free Report) last issued 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. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, analysts forecast that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. This represents a dividend yield of 0.8%. This is an increase from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's dividend payout ratio is 35.25%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TD Cowen raised SAP from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Argus reissued a "buy" rating and issued a $320.00 price target on shares of SAP in a report on Tuesday. Barclays reaffirmed an "overweight" rating and set a $308.00 price objective (up from $286.00) on shares of SAP in a report on Thursday, April 24th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets lifted their price target on SAP from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has an average rating of "Buy" and a consensus price target 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.