Dash Acquisitions Inc. Buys 2,355 Shares of SAP SE (NYSE:SAP)

Dash Acquisitions Inc. lifted its stake in SAP SE (NYSE:SAP) by 3.4% in the first quarter, Holdings Channel.com reports. The fund owned 71,438 shares of the software maker’s stock after purchasing an additional 2,355 shares during the period. SAP makes up approximately 4.0% of Dash Acquisitions Inc.’s portfolio, making the stock its 11th biggest position. Dash Acquisitions Inc.’s holdings in SAP were worth $12,855,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in shares of SAP in the first quarter worth $25,000. Sunbelt Securities Inc. bought a new stake in SAP during the first quarter valued at $29,000. Wetzel Investment Advisors Inc. bought a new stake in SAP during the fourth quarter valued at $31,000. Adirondack Trust Co. boosted its stake in SAP by 121.1% during the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock valued at $31,000 after buying an additional 109 shares during the period. Finally, Larson Financial Group LLC bought a new stake in SAP during the fourth quarter valued at $33,000.

SAP Trading Down 0.4 %

Shares of SAP traded down $0.84 during trading hours on Tuesday, hitting $198.58. The company had a trading volume of 596,323 shares, compared to its average volume of 773,129. The stock’s 50 day moving average price is $190.23 and its 200 day moving average price is $180.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. SAP SE has a 52-week low of $126.75 and a 52-week high of $204.33.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, April 22nd. The software maker reported $0.88 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.06). The company had revenue of $8.73 billion during the quarter, compared to analysts’ expectations of $8.73 billion. SAP had a return on equity of 9.79% and a net margin of 15.76%. On average, research analysts predict that SAP SE will post 4.56 earnings per share for the current year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 17th were paid a $2.3852 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This is a boost from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio (DPR) is presently 37.53%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JMP Securities lifted their price objective on SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 23rd. Barclays dropped their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. KeyCorp assumed coverage on SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. BMO Capital Markets upgraded SAP from a “market perform” rating to an “outperform” rating and raised their price target for the company from $218.00 to $237.00 in a research report on Friday. Finally, StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $220.20.

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.