Quantinno Capital Management LP Raises Position in SAP SE (NYSE:SAP)

Quantinno Capital Management LP lifted its stake in SAP SE (NYSE:SAP) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,203 shares of the software maker’s stock after purchasing an additional 6,828 shares during the quarter. Quantinno Capital Management LP’s holdings in SAP were worth $16,546,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Centricity Wealth Management LLC purchased a new position in shares of SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP in the 4th quarter worth $27,000. Rakuten Securities Inc. raised its stake 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 worth $28,000 after acquiring an additional 108 shares in the last quarter. Albion Financial Group UT grew its stake in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of SAP in the fourth quarter worth $42,000.

SAP Stock Down 1.3%

Shares of NYSE SAP opened at $289.70 on Wednesday. The firm has a market cap of $355.90 billion, a P/E ratio of 100.94, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The firm’s 50 day moving average price is $270.56 and its 200 day moving average price is $262.02. SAP SE has a 1 year low of $179.43 and a 1 year high of $303.40. 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 announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. The ex-dividend date is Tuesday, May 13th. This is a boost from SAP’s previous annual dividend of $2.39. This represents a yield of 0.8%. SAP’s dividend payout ratio (DPR) is 35.25%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SAP. BMO Capital Markets increased their price objective on shares of SAP from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Friday, May 2nd. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Argus reaffirmed a “buy” rating and issued a $320.00 price objective on shares of SAP in a report on Tuesday, April 29th. Finally, JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $264.00.

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.