SAP SE $SAP Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. boosted its stake in SAP SE (NYSE:SAP) by 22.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 55,403 shares of the software maker’s stock after acquiring an additional 10,270 shares during the quarter. Hantz Financial Services Inc.’s holdings in SAP were worth $13,458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sound Income Strategies LLC lifted its stake in shares of SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after acquiring an additional 58 shares during the period. Abich Financial Wealth Management LLC bought a new stake in SAP during the third quarter worth approximately $27,000. Copia Wealth Management acquired a new stake in SAP in the third quarter worth approximately $28,000. Guerra Advisors Inc bought a new position in SAP during the 3rd quarter valued at $31,000. Finally, Community Bank N.A. acquired a new position in shares of SAP during the 3rd quarter valued at $32,000.

SAP Stock Performance

Shares of NYSE SAP opened at $176.04 on Monday. The stock’s fifty day simple moving average is $173.67 and its 200 day simple moving average is $209.51. The stock has a market capitalization of $216.26 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 1.98 and a beta of 1.11. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. SAP SE has a 52-week low of $158.58 and a 52-week high of $313.28.

SAP (NYSE:SAP) last announced its 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 return on equity of 17.31% and a net margin of 20.08%. As a group, sell-side analysts forecast that SAP SE will post 8.36 earnings per share for the current fiscal year.

SAP Increases Dividend

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

Analysts Set New Price Targets

SAP has been the subject of several research analyst reports. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. HSBC raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Piper Sandler downgraded shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Citigroup cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average price target of $288.00.

About SAP

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.