Quantinno Capital Management LP Has $16.55 Million Stock Position in SAP SE (NYSE:SAP)

Quantinno Capital Management LP increased its holdings in SAP SE (NYSE:SAP) by 11.3% in the 4th quarter, Holdings Channel reports. The fund owned 67,203 shares of the software maker’s stock after purchasing an additional 6,828 shares during the period. Quantinno Capital Management LP’s holdings in SAP were worth $16,546,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SAP. Centricity Wealth Management LLC acquired a new position in SAP in the fourth quarter worth approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP during the fourth quarter valued at about $27,000. Rakuten Securities Inc. increased its position in SAP by 2,700.0% in the 4th 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 lifted its stake in shares of 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 period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SAP in the fourth quarter valued at $42,000.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities upped their price objective 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. Barclays reaffirmed an “overweight” rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Finally, Argus restated a “buy” rating and set a $320.00 target price on shares of SAP in a research report on Tuesday, April 29th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $264.00.

SAP Trading Down 1.3%

Shares of NYSE SAP opened at $289.70 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a twelve month low of $179.43 and a twelve month high of $303.40. The company’s fifty day moving average is $270.56 and its 200-day moving average is $262.02. The stock has a market cap of $355.90 billion, a price-to-earnings ratio of 100.94, a P/E/G ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP) last released 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 company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. Equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

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