Deutsche Bank AG Purchases 1,396 Shares of SAP SE (NYSE:SAP)

Deutsche Bank AG grew its position in SAP SE (NYSE:SAP) by 41.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,773 shares of the software maker’s stock after acquiring an additional 1,396 shares during the period. Deutsche Bank AG’s holdings in SAP were worth $1,175,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SAP. Centricity Wealth Management LLC acquired a new stake in shares of SAP in the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new position in SAP in the 4th quarter valued at $27,000. Rakuten Securities Inc. increased its stake in shares of SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after buying an additional 108 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in SAP in the fourth quarter valued at about $42,000. Finally, Iron Horse Wealth Management LLC acquired a new stake in SAP in the fourth quarter worth about $57,000.

SAP Price Performance

Shares of NYSE SAP opened at $294.89 on Monday. The firm has a market capitalization of $362.27 billion, a P/E ratio of 102.75, a P/E/G ratio of 4.71 and a beta of 1.35. The firm’s 50-day moving average price is $275.53 and its 200-day moving average price is $265.56. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 1-year low of $179.43 and a 1-year high of $303.40.

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

SAP Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SAP. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Barclays reissued an “overweight” rating and issued a $308.00 target price (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Argus restated a “buy” rating and set a $320.00 target price on shares of SAP in a research report on Tuesday, April 29th. JMP Securities reissued a “market outperform” rating and set a $330.00 price objective on shares of SAP in a research note on Friday. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research note on Friday, May 2nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP has a consensus rating of “Buy” and a consensus price target of $271.83.

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.