Little House Capital LLC purchased a new position in shares of SAP SE (NYSE:SAP – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,033 shares of the software maker’s stock, valued at approximately $1,951,000.
Other large investors also recently modified their holdings of the company. Dara Capital US Inc. bought a new position in shares of SAP during the 4th quarter worth about $3,342,000. Oppenheimer Asset Management Inc. increased its holdings in shares of SAP by 15.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock worth $14,272,000 after purchasing an additional 7,066 shares during the period. Seaview Investment Managers LLC increased its holdings in shares of SAP by 191.4% during the 3rd quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock worth $3,138,000 after purchasing an additional 7,714 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of SAP during the 3rd quarter worth about $32,760,000. Finally, Cidel Asset Management Inc. increased its holdings in shares of SAP by 9.7% during the 3rd quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock worth $37,215,000 after purchasing an additional 12,268 shares during the period.
SAP Stock Up 2.3%
Shares of SAP opened at $178.72 on Wednesday. The stock has a market cap of $219.56 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 1.96 and a beta of 1.11. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. SAP SE has a 12 month low of $158.58 and a 12 month high of $313.28. The company has a 50-day moving average price of $174.78 and a two-hundred day moving average price of $211.29.
SAP Increases Dividend
The firm also recently declared an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were paid a dividend of $2.9291 per share. This is a positive change from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. The ex-dividend date was Tuesday, May 5th. SAP’s dividend payout ratio is 28.92%.
Analyst Upgrades and Downgrades
SAP has been the topic of several research reports. TD Cowen restated a “buy” rating on shares of SAP in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a report on Friday, January 30th. Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a research note on Friday, January 30th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. Finally, Barclays upped their target price on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus target price of $288.00.
Get Our Latest Research Report on SAP
About SAP
SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.
SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.
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