Harel Insurance Investments & Financial Services Ltd. Buys New Position in SAP SE (NYSE:SAP)

Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of SAP SE (NYSE:SAP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 826 shares of the software maker’s stock, valued at approximately $128,000.

Several other large investors also recently added to or reduced their stakes in SAP. Stifel Financial Corp boosted its position in shares of SAP by 10.9% in the third quarter. Stifel Financial Corp now owns 193,376 shares of the software maker’s stock worth $25,007,000 after purchasing an additional 19,080 shares during the period. Blue Trust Inc. boosted its position in shares of SAP by 5.8% in the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock worth $210,000 after purchasing an additional 75 shares during the period. Clear Street Markets LLC boosted its position in shares of SAP by 2.8% in the third quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock worth $800,000 after purchasing an additional 166 shares during the period. Graham Capital Management L.P. bought a new position in shares of SAP in the third quarter worth approximately $430,000. Finally, Private Trust Co. NA boosted its position in shares of SAP by 68.5% in the fourth quarter. Private Trust Co. NA now owns 1,547 shares of the software maker’s stock worth $239,000 after purchasing an additional 629 shares during the period.

SAP Trading Down 0.3 %

Shares of SAP opened at $180.25 on Tuesday. SAP SE has a twelve month low of $126.40 and a twelve month high of $199.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.40 and a quick ratio of 1.40. The company’s fifty day simple moving average is $187.31 and its 200-day simple moving average is $162.97.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.17). SAP had a net margin of 20.30% and a return on equity of 9.54%. The firm had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.98 billion. On average, equities research analysts expect that SAP SE will post 4.36 earnings per share for the current year.

SAP Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be issued a $2.3852 dividend. The ex-dividend date is Thursday, May 16th. This is a boost from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio is presently 27.71%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SAP. Barclays upped their target price on shares of SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets upped their target price on shares of SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. StockNews.com raised shares of SAP from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 10th. Finally, The Goldman Sachs Group upped their price target on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.80.

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.