Tower Research Capital LLC TRC Acquires 2,584 Shares of SAP SE (NYSE:SAP)

Tower Research Capital LLC TRC raised its stake in shares of SAP SE (NYSE:SAP - Free Report) by 124.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,664 shares of the software maker's stock after buying an additional 2,584 shares during the quarter. Tower Research Capital LLC TRC's holdings in SAP were worth $1,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SAP. Centricity Wealth Management LLC acquired a new stake in SAP during the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. boosted its stake in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after buying an additional 108 shares during the last quarter. Albion Financial Group UT lifted its stake in SAP by 122.4% in 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 last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of SAP in the fourth quarter valued at approximately $42,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SAP shares. Barclays reaffirmed an "overweight" rating and set a $308.00 target price (up from $286.00) on shares of SAP in a report on Thursday, April 24th. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. TD Cowen upgraded 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 report on Friday, January 17th. Argus reaffirmed a "buy" rating and issued a $320.00 price target on shares of SAP in a research note on Tuesday. Finally, BMO Capital Markets increased their price objective on SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $264.00.

SAP Trading Down 1.1 %

Shares of SAP stock traded down $3.25 on Wednesday, hitting $289.30. The stock had a trading volume of 905,605 shares, compared to its average volume of 1,003,796. The firm has a market cap of $355.41 billion, a P/E ratio of 100.79, a PEG ratio of 4.71 and a beta of 1.28. 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 company has a fifty day moving average price of $267.85 and a two-hundred day moving average price of $257.66. SAP SE has a twelve month low of $179.15 and a twelve month high of $293.70.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share 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 during the quarter, compared to the consensus estimate of $9.08 billion. As a group, analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be issued a dividend of $2.5423 per share. The ex-dividend date is Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP's payout ratio is presently 35.25%.

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.