Ascent Group LLC Purchases 53 Shares of SAP SE (NYSE:SAP)

Ascent Group LLC increased its position in SAP SE (NYSE:SAP) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,409 shares of the software maker’s stock after buying an additional 53 shares during the quarter. Ascent Group LLC’s holdings in SAP were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Centricity Wealth Management LLC bought a new stake in SAP in the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. increased its stake 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 purchasing an additional 108 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in SAP in the 4th quarter worth approximately $42,000. Finally, Iron Horse Wealth Management LLC purchased a new position in SAP in the 4th quarter worth approximately $57,000.

Analysts Set New Price Targets

SAP has been the topic of a number of analyst reports. Barclays reaffirmed an “overweight” rating and issued a $308.00 price target (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Wells Fargo & Company initiated coverage on SAP in a research note on Tuesday, May 20th. They issued an “overweight” rating on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. Argus reissued a “buy” rating and set a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $271.83.

SAP Price Performance

SAP opened at $301.67 on Wednesday. The stock has a market capitalization of $370.60 billion, a PE ratio of 105.11, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The stock’s 50 day moving average price is $276.60 and its 200-day moving average price is $266.21. SAP SE has a 52-week low of $179.43 and a 52-week high of $304.43. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion for 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, equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were issued a $2.5423 dividend. This represents a yield of 0.8%. This is an increase from SAP’s previous annual dividend of $2.39. The ex-dividend date of this dividend was Tuesday, May 13th. SAP’s payout ratio is 35.25%.

SAP 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.