Argonautica Private Wealth Management Inc. Buys 63 Shares of SAP SE (NYSE:SAP)

Argonautica Private Wealth Management Inc. raised its stake in SAP SE (NYSE:SAP) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,509 shares of the software maker’s stock after acquiring an additional 63 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in SAP were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Callan Capital LLC acquired a new stake in shares of SAP in the fourth quarter valued at approximately $316,000. Syon Capital LLC raised its holdings in shares of SAP by 31.9% in the fourth quarter. Syon Capital LLC now owns 3,996 shares of the software maker’s stock valued at $618,000 after purchasing an additional 967 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of SAP by 65.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 3,534 shares of the software maker’s stock valued at $546,000 after purchasing an additional 1,392 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of SAP by 7.0% in the fourth quarter. Yousif Capital Management LLC now owns 21,711 shares of the software maker’s stock valued at $3,356,000 after purchasing an additional 1,420 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of SAP in the fourth quarter valued at approximately $381,000.

SAP Trading Up 0.6 %

Shares of NYSE:SAP traded up $1.09 on Friday, hitting $186.18. The company had a trading volume of 920,934 shares, compared to its average volume of 895,693. SAP SE has a 1-year low of $126.75 and a 1-year high of $199.29. The stock has a 50 day moving average price of $187.96 and a 200 day moving average price of $165.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.40.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.17). SAP had a net margin of 15.76% and a return on equity of 9.79%. The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. On average, sell-side analysts expect that SAP SE will post 4.58 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently disclosed 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 boost from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend is Thursday, May 16th. This represents a yield of 0.9%. SAP’s dividend payout ratio is currently 34.92%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SAP shares. The Goldman Sachs Group boosted their target price on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, January 26th. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets boosted their target price on shares of SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Barclays lowered their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $206.20.

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.