SAP SE (NYSE:SAP) Position Boosted by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its holdings in shares of SAP SE (NYSE:SAP) by 26.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,152 shares of the software maker’s stock after acquiring an additional 452 shares during the period. D. E. Shaw & Co. Inc.’s holdings in SAP were worth $530,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SAP. Avior Wealth Management LLC raised its stake in shares of SAP by 37.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,606 shares of the software maker’s stock valued at $395,000 after purchasing an additional 436 shares in the last quarter. Brighton Jones LLC increased its stake in SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after buying an additional 1,255 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of SAP by 18.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 456 shares of the software maker’s stock worth $112,000 after buying an additional 71 shares in the last quarter. DGS Capital Management LLC lifted its stake in shares of SAP by 14.3% in the 4th quarter. DGS Capital Management LLC now owns 1,226 shares of the software maker’s stock worth $302,000 after acquiring an additional 153 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its holdings in shares of SAP by 50.3% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 19,368 shares of the software maker’s stock valued at $4,769,000 after acquiring an additional 6,483 shares in the last quarter.

SAP Price Performance

SAP stock opened at $294.89 on Monday. The firm has a market capitalization of $362.27 billion, a P/E ratio of 102.75, a PEG ratio of 4.71 and a beta of 1.35. The business has a 50-day moving average of $275.53 and a 200-day moving average of $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 released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Argus reaffirmed a “buy” rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Friday, May 2nd. JMP Securities reissued a “market outperform” rating and issued a $330.00 price target on shares of SAP in a report on Friday. Wells Fargo & Company assumed coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an “overweight” rating on the stock. Finally, Barclays reaffirmed an “overweight” rating and issued a $308.00 price target (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.