Strive Asset Management LLC Makes New $743,000 Investment in SAP SE (NYSE:SAP)

Strive Asset Management LLC bought a new position in SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,018 shares of the software maker’s stock, valued at approximately $743,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC increased its stake in SAP by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after acquiring an additional 403,956 shares during the last quarter. TD Asset Management Inc. boosted its holdings in shares of SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after purchasing an additional 890,157 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock worth $362,371,000 after purchasing an additional 701,880 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after purchasing an additional 798,037 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in SAP by 5.7% during the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker’s stock valued at $323,720,000 after acquiring an additional 70,613 shares during the period.

SAP Stock Up 0.7%

Shares of NYSE:SAP opened at $296.46 on Friday. The stock has a fifty day simple moving average of $272.18 and a two-hundred day simple moving average of $263.13. The stock has a market capitalization of $364.20 billion, a price-to-earnings ratio of 103.30, a PEG ratio of 4.71 and a beta of 1.35. SAP SE has a 12-month low of $179.43 and a 12-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) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. The business 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%. On average, research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a $2.5423 dividend. The ex-dividend date is Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a boost from SAP’s previous annual dividend of $2.39. SAP’s payout ratio is currently 35.25%.

Analyst Ratings Changes

SAP has been the subject of several analyst reports. JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Barclays reiterated an “overweight” rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. BMO Capital Markets increased 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. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a report on Friday, May 2nd. Finally, Argus reiterated a “buy” rating and issued a $320.00 price objective on shares of SAP in a report on Tuesday, April 29th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus 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.