Alight Capital Management LP Acquires New Shares in SAP SE $SAP

Alight Capital Management LP acquired a new stake in SAP SE (NYSE:SAP) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 45,000 shares of the software maker’s stock, valued at approximately $10,931,000. SAP accounts for about 2.8% of Alight Capital Management LP’s portfolio, making the stock its 9th largest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Binnacle Investments Inc increased its holdings in SAP by 14.2% in the third quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock valued at $90,000 after purchasing an additional 42 shares during the last quarter. Spire Wealth Management increased its holdings in SAP by 6.2% in the fourth quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock valued at $180,000 after purchasing an additional 43 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in SAP by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock valued at $1,355,000 after purchasing an additional 43 shares during the last quarter. Euro Pacific Asset Management LLC increased its holdings in SAP by 5.7% in the fourth quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker’s stock valued at $213,000 after purchasing an additional 47 shares during the last quarter. Finally, Modera Wealth Management LLC increased its holdings in SAP by 1.2% in the fourth quarter. Modera Wealth Management LLC now owns 3,912 shares of the software maker’s stock valued at $950,000 after purchasing an additional 48 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SAP shares. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Thursday, May 14th. Weiss Ratings lowered SAP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. BMO Capital Markets decreased their price objective on SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, SAP has a consensus rating of “Moderate Buy” and an average price target of $283.40.

SAP Price Performance

Shares of SAP opened at $159.39 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50 day simple moving average of $173.46 and a 200 day simple moving average of $200.69. SAP SE has a 52-week low of $158.58 and a 52-week high of $313.28. The firm has a market capitalization of $195.81 billion, a PE ratio of 21.54, a P/E/G ratio of 1.85 and a beta of 1.12.

SAP (NYSE:SAP) last issued its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The business had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. Sell-side 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. Investors of record on Tuesday, May 5th were given a $2.9291 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a yield of 170.0%. This is a boost from SAP’s previous annual dividend of $2.54. SAP’s payout ratio is 28.92%.

SAP 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.