Fox Run Management L.L.C. Takes $904,000 Position in SAP SE $SAP

Fox Run Management L.L.C. acquired a new stake in shares of SAP SE (NYSE:SAP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,722 shares of the software maker’s stock, valued at approximately $904,000.

A number of other hedge funds also recently made changes to their positions in SAP. Dara Capital US Inc. bought a new position in shares of SAP during the fourth quarter worth about $3,342,000. Seaview Investment Managers LLC lifted its position in shares of SAP by 191.4% during the third quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock worth $3,138,000 after purchasing an additional 7,714 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of SAP during the third quarter worth about $32,760,000. Dash Acquisitions Inc. lifted its position in shares of SAP by 8.7% during the fourth quarter. Dash Acquisitions Inc. now owns 78,880 shares of the software maker’s stock worth $19,161,000 after purchasing an additional 6,315 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its position in shares of SAP by 9.7% during the third quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock worth $37,215,000 after purchasing an additional 12,268 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. TD Cowen reiterated a “buy” rating on shares of SAP in a research note on Thursday, May 14th. Finally, BMO Capital Markets lowered their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and an average price target of $283.40.

SAP Stock Down 4.6%

SAP stock opened at $170.72 on Thursday. The company has a 50-day simple moving average of $174.26 and a 200-day simple moving average of $203.34. The firm has a market capitalization of $209.72 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.00 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. SAP SE has a one year low of $158.58 and a one year high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The business had revenue of $11.06 billion during the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. As a group, equities analysts expect that SAP SE will post 8.39 earnings per share for the current year.

SAP Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were given a dividend of $2.9291 per share. This is an increase from SAP’s previous annual dividend of $2.54. This represents a dividend yield of 170.0%. The ex-dividend date was Tuesday, May 5th. SAP’s payout ratio is currently 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.