2,466 Shares in SAP SE (NYSE:SAP) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in SAP SE (NYSE:SAPFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,466 shares of the software maker’s stock, valued at approximately $381,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in SAP by 2.1% during the 3rd quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock valued at $758,364,000 after purchasing an additional 122,135 shares during the last quarter. Clearbridge Investments LLC grew its position in SAP by 1.7% during the 3rd quarter. Clearbridge Investments LLC now owns 2,362,893 shares of the software maker’s stock valued at $305,569,000 after purchasing an additional 38,625 shares during the last quarter. Ameriprise Financial Inc. grew its position in SAP by 213.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock valued at $183,507,000 after purchasing an additional 966,450 shares during the last quarter. Envestnet Asset Management Inc. grew its position in SAP by 64.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock valued at $137,160,000 after purchasing an additional 414,407 shares during the last quarter. Finally, Northern Trust Corp grew its position in SAP by 3.7% during the 3rd quarter. Northern Trust Corp now owns 897,430 shares of the software maker’s stock valued at $116,056,000 after purchasing an additional 31,675 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently commented on the stock. KeyCorp assumed coverage on shares of SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. JMP Securities raised their price target on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Finally, BMO Capital Markets raised their price target on shares of SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.60.

Check Out Our Latest Report on SAP

SAP Trading Up 0.0 %

SAP opened at $188.10 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.40 and a quick ratio of 1.40. The company’s 50 day moving average is $187.62 and its 200 day moving average is $165.29. SAP SE has a 12-month low of $126.75 and a 12-month high of $199.29.

SAP (NYSE:SAPGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The business had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.98 billion. SAP had a return on equity of 9.81% and a net margin of 15.76%. As a group, equities analysts expect that SAP SE will post 4.74 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be paid a dividend of $2.3852 per share. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date is Thursday, May 16th. This represents a yield of 0.9%. SAP’s dividend payout ratio (DPR) is presently 34.92%.

SAP Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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