SAP SE (NYSE:SAP) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC grew its holdings in SAP SE (NYSE:SAP) by 5.3% during the 1st quarter, Holdings Channel reports. The firm owned 2,253 shares of the software maker’s stock after buying an additional 113 shares during the period. Hexagon Capital Partners LLC’s holdings in SAP were worth $439,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SAP. Ameriprise Financial Inc. grew its position in shares of SAP by 213.0% in the third quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock valued at $183,507,000 after purchasing an additional 966,450 shares during the last quarter. Capital International Investors boosted its position in SAP by 8.1% during the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after acquiring an additional 746,386 shares during the last quarter. Lazard Asset Management LLC boosted its position in SAP by 19,468.8% during the third quarter. Lazard Asset Management LLC now owns 482,762 shares of the software maker’s stock worth $62,430,000 after acquiring an additional 480,295 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in SAP during the fourth quarter worth approximately $17,255,000. Finally, Brandes Investment Partners LP boosted its position in SAP by 49.7% during the fourth quarter. Brandes Investment Partners LP now owns 300,129 shares of the software maker’s stock worth $46,397,000 after acquiring an additional 99,652 shares during the last quarter.

SAP Price Performance

Shares of SAP traded down $2.38 during mid-day trading on Monday, reaching $199.33. The company had a trading volume of 753,356 shares, compared to its average volume of 774,544. The firm has a fifty day simple moving average of $189.81 and a 200-day simple moving average of $180.61. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $204.33. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18.

SAP (NYSE:SAP) last issued its earnings results on Monday, April 22nd. The software maker reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). SAP had a net margin of 15.76% and a return on equity of 9.79%. The business had revenue of $8.73 billion during the quarter, compared to analysts’ expectations of $8.73 billion. Equities analysts expect that SAP SE will post 4.56 earnings per share for the current year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th were paid a $2.3852 dividend. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 16th. This is an increase from SAP’s previous annual dividend of $2.19. SAP’s dividend payout ratio (DPR) is currently 37.53%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of SAP from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $218.00 to $237.00 in a research report on Friday. KeyCorp assumed coverage on shares of SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. JMP Securities raised their target price on shares of SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 23rd. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Finally, Sanford C. Bernstein initiated coverage on shares of SAP in a report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.20.

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.