Joel Isaacson & Co. LLC Boosts Stock Position in SAP SE (NYSE:SAP)

Joel Isaacson & Co. LLC raised its stake in SAP SE (NYSE:SAP) by 59.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,708 shares of the software maker’s stock after purchasing an additional 634 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in SAP were worth $458,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SAP. TD Asset Management Inc. grew its position in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after buying an additional 890,157 shares during the last quarter. Northern Trust Corp lifted its stake in shares of SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock worth $362,371,000 after acquiring an additional 701,880 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of SAP by 145.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after acquiring an additional 798,037 shares in the last quarter. Bank of America Corp DE increased its stake in shares of SAP by 5.7% during the fourth quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker’s stock worth $323,720,000 after acquiring an additional 70,613 shares during the period. Finally, GAMMA Investing LLC raised its holdings in SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker’s stock worth $350,644,000 after purchasing an additional 1,302,061 shares in the last quarter.

SAP Stock Performance

NYSE SAP opened at $301.29 on Monday. The business has a 50 day moving average price of $293.95 and a 200 day moving average price of $275.88. The company has a market capitalization of $370.13 billion, a P/E ratio of 57.72, a PEG ratio of 4.30 and a beta of 1.32. SAP SE has a 1-year low of $194.93 and a 1-year high of $311.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. Sell-side analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were paid a $2.5423 dividend. This represents a yield of 0.8%. This is a boost from SAP’s previous annual dividend of $2.39. The ex-dividend date of this dividend was Tuesday, May 13th. SAP’s dividend payout ratio is presently 35.25%.

Wall Street Analyst Weigh In

SAP has been the topic of a number of analyst reports. Argus reaffirmed a “buy” rating and issued a $320.00 price objective on shares of SAP in a report on Tuesday, April 29th. Piper Sandler assumed coverage on SAP in a report on Tuesday, June 17th. They issued an “overweight” rating for the company. BMO Capital Markets upped their price objective on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. Wells Fargo & Company started coverage on SAP in a report on Tuesday, May 20th. They issued an “overweight” rating for the company. Finally, Jefferies Financial Group restated a “buy” rating on shares of SAP in a research report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $271.83.

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.