771 Shares in SAP SE (NYSE:SAP) Bought by Bluesphere Advisors LLC

Bluesphere Advisors LLC acquired a new position in SAP SE (NYSE:SAP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 771 shares of the software maker’s stock, valued at approximately $207,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of SAP by 31,239.5% in the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker’s stock valued at $350,644,000 after buying an additional 1,302,061 shares during the period. TD Asset Management Inc. lifted its holdings in SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after acquiring an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after purchasing an additional 798,037 shares during the last quarter. Northern Trust Corp grew its holdings in shares of SAP by 91.2% during the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock valued at $362,371,000 after purchasing an additional 701,880 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of SAP during the 4th quarter worth approximately $163,630,000.

SAP Stock Up 1.2%

SAP stock opened at $291.02 on Tuesday. The firm’s 50-day moving average is $290.94 and its two-hundred day moving average is $274.62. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $357.52 billion, a price-to-earnings ratio of 55.75, a price-to-earnings-growth ratio of 4.15 and a beta of 1.32. SAP SE has a 52 week low of $191.59 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, beating analysts’ consensus estimates of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. On average, analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a $2.5423 dividend. The ex-dividend date of this dividend was 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 payout ratio is 35.25%.

Analyst Ratings Changes

SAP has been the subject of a number of analyst reports. Argus restated a “buy” rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. Wells Fargo & Company assumed coverage on shares of SAP in a report on Tuesday, May 20th. They set an “overweight” rating for the company. BMO Capital Markets increased their price objective on shares of SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. JMP Securities reissued a “market outperform” rating and set a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Finally, Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $271.83.

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.