Breakwater Capital Group Purchases Shares of 907 SAP SE (NYSE:SAP)

Breakwater Capital Group acquired a new position in shares of SAP SE (NYSE:SAP) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 907 shares of the software maker’s stock, valued at approximately $243,000.

A number of other large investors have also made changes to their positions in SAP. Centricity Wealth Management LLC acquired a new stake in SAP during the fourth quarter worth $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP during the 4th quarter worth about $27,000. Rakuten Securities Inc. boosted its position in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after acquiring an additional 108 shares in the last quarter. Founders Capital Management increased its stake in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker’s stock valued at $35,000 after acquiring an additional 75 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in SAP in the fourth quarter worth about $42,000.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of recent research reports. UBS Group raised SAP to a “strong-buy” rating in a report on Friday, May 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research note on Friday, May 2nd. JMP Securities reiterated a “market outperform” rating and set a $330.00 price objective on shares of SAP in a research note on Friday, May 23rd. Argus reissued a “buy” rating and set a $320.00 price objective on shares of SAP in a report on Tuesday, April 29th. Finally, BMO Capital Markets upped their target price on shares of SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $271.83.

SAP Price Performance

SAP stock opened at $309.84 on Friday. The business’s fifty day moving average is $281.91 and its two-hundred day moving average is $269.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $380.64 billion, a P/E ratio of 107.96, a P/E/G ratio of 4.71 and a beta of 1.32. SAP SE has a 52 week low of $186.40 and a 52 week high of $311.40.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

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

SAP Company 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.