TD Waterhouse Canada Inc. Purchases 6,846 Shares of SAP SE (NYSE:SAP)

TD Waterhouse Canada Inc. lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 163.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,024 shares of the software maker's stock after acquiring an additional 6,846 shares during the period. TD Waterhouse Canada Inc.'s holdings in SAP were worth $2,713,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Centricity Wealth Management LLC purchased a new stake in SAP in the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the fourth quarter valued at $27,000. Rakuten Securities Inc. lifted its position 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 buying an additional 108 shares during the period. Albion Financial Group UT grew its holdings in SAP by 122.4% in the 4th 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 acquired a new position in shares of SAP during the 4th quarter valued at about $42,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SAP shares. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and upped their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays reiterated an "overweight" rating and set a $308.00 price objective (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. BMO Capital Markets lifted their price objective on SAP from $300.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $254.67.

SAP Price Performance

Shares of NYSE SAP traded up $6.35 during mid-day trading on Tuesday, reaching $291.70. 878,792 shares of the company traded hands, compared to its average volume of 1,365,776. SAP SE has a fifty-two week low of $179.15 and a fifty-two week high of $293.70. The firm has a market cap of $358.35 billion, a PE ratio of 101.63, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. The stock has a fifty day simple moving average of $267.77 and a 200-day simple moving average of $257.41. 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 quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion for 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%. Equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a $2.5423 dividend. This is a positive change from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a yield of 0.8%. SAP's payout ratio is 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.