Aigen Investment Management LP Purchases Shares of 6,212 SAP SE $SAP

Aigen Investment Management LP purchased a new stake in shares of SAP SE (NYSE:SAP) during the fourth quarter, HoldingsChannel reports. The fund purchased 6,212 shares of the software maker’s stock, valued at approximately $1,509,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SAP. Brighton Jones LLC raised its holdings in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after acquiring an additional 1,255 shares during the period. Baird Financial Group Inc. bought a new stake in SAP during the first quarter valued at about $242,000. AQR Capital Management LLC raised its holdings in SAP by 49.0% during the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after acquiring an additional 5,363 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in SAP during the first quarter valued at about $2,681,000. Finally, Sivia Capital Partners LLC raised its holdings in SAP by 2.3% during the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after acquiring an additional 69 shares during the period.

SAP Trading Up 0.4%

Shares of SAP stock opened at $164.33 on Friday. SAP SE has a 12-month low of $158.58 and a 12-month high of $313.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The stock’s 50-day moving average price is $173.97 and its 200-day moving average price is $202.56. The stock has a market capitalization of $201.87 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 1.84 and a beta of 1.12.

SAP (NYSE:SAP) last issued its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The firm had revenue of $11.06 billion for the quarter. Equities research analysts predict that SAP SE will post 8.37 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were issued a $2.9291 dividend. This represents a dividend yield of 170.0%. This is a positive change from SAP’s previous annual dividend of $2.54. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s payout ratio is presently 28.92%.

Analysts Set New Price Targets

A number of research firms have commented on SAP. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings cut SAP from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Zacks Research cut SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Barclays lifted their target price on SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, TD Cowen reaffirmed a “buy” rating on shares of SAP in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $283.40.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.