Versant Capital Management Inc Acquires 3,424 Shares of SAP SE (NYSE:SAP)

Versant Capital Management Inc boosted its stake in shares of SAP SE (NYSE:SAP) by 1,556.4% in the first quarter, HoldingsChannel reports. The firm owned 3,644 shares of the software maker’s stock after purchasing an additional 3,424 shares during the quarter. Versant Capital Management Inc’s holdings in SAP were worth $978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Centricity Wealth Management LLC bought a new stake in shares of SAP during the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. grew its position in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after purchasing an additional 108 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SAP in the fourth quarter valued at approximately $42,000. Finally, Iron Horse Wealth Management LLC bought a new position in shares of SAP during the fourth quarter worth approximately $57,000.

SAP Stock Down 0.4%

Shares of NYSE SAP opened at $296.91 on Friday. The stock has a market capitalization of $364.76 billion, a P/E ratio of 103.45, a PEG ratio of 4.71 and a beta of 1.35. The stock’s fifty day moving average is $277.53 and its 200 day moving average is $266.85. SAP SE has a 52 week low of $179.43 and a 52 week high of $304.43. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. Sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The company 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 (DPR) is 35.25%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SAP shares. Barclays restated an “overweight” rating and issued a $308.00 price target (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Friday, May 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Argus reiterated a “buy” rating and issued a $320.00 price objective on shares of SAP in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company assumed coverage on shares of SAP in a report on Tuesday, May 20th. They issued an “overweight” rating for the company. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $271.83.

SAP Profile

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.