GAMMA Investing LLC Invests $381,000 in SAP SE (NYSE:SAP)

GAMMA Investing LLC acquired a new position in shares of SAP SE (NYSE:SAP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,466 shares of the software maker’s stock, valued at approximately $381,000.

Several other large investors also recently modified their holdings of SAP. Ameriprise Financial Inc. boosted its stake in SAP by 213.0% during the third quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock worth $183,507,000 after acquiring an additional 966,450 shares in the last quarter. Lazard Asset Management LLC boosted its stake in SAP by 19,468.8% during the third quarter. Lazard Asset Management LLC now owns 482,762 shares of the software maker’s stock worth $62,430,000 after acquiring an additional 480,295 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in SAP by 64.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock worth $137,160,000 after acquiring an additional 414,407 shares in the last quarter. FMR LLC boosted its stake in SAP by 2.1% during the third quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock worth $758,364,000 after acquiring an additional 122,135 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in SAP during the fourth quarter worth $17,255,000.

SAP Stock 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 fifty-two week low of $126.75 and a fifty-two week high of $199.29.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). SAP had a net margin of 15.76% and a return on equity of 9.81%. The firm had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.98 billion. As a group, research analysts anticipate that SAP SE will post 4.74 EPS for the current fiscal year.

SAP Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. BMO Capital Markets raised their price objective on shares of SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. JMP Securities raised their price objective on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price objective on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $201.60.

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.