SAP SE (NYSE:SAP) Shares Bought by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. grew its stake in shares of SAP SE (NYSE:SAP) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,509 shares of the software maker’s stock after acquiring an additional 63 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in SAP were worth $388,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SAP. Wetzel Investment Advisors Inc. acquired a new position in shares of SAP in the 4th quarter valued at about $31,000. Larson Financial Group LLC acquired a new position in shares of SAP in the 4th quarter valued at about $33,000. Column Capital Advisors LLC boosted its holdings in shares of SAP by 121.0% in the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock valued at $29,000 after buying an additional 121 shares during the period. Impact Partnership Wealth LLC lifted its position in SAP by 376.1% in the 3rd quarter. Impact Partnership Wealth LLC now owns 319 shares of the software maker’s stock valued at $41,000 after purchasing an additional 252 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in SAP by 84.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 338 shares of the software maker’s stock valued at $52,000 after purchasing an additional 155 shares during the last quarter.

SAP Stock Performance

Shares of NYSE SAP traded up $1.09 during midday trading on Friday, reaching $186.18. The company’s stock had a trading volume of 920,934 shares, compared to its average volume of 895,693. The company has a quick ratio of 1.40, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $187.96 and a 200 day moving average price of $165.82. SAP SE has a one year low of $126.75 and a one year high of $199.29.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). SAP had a return on equity of 9.79% and a net margin of 15.76%. The business had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.98 billion. Equities research analysts expect that SAP SE will post 4.58 EPS for the current fiscal year.

SAP Increases Dividend

The company 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 dividend of $2.3852 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 0.9%. This is a positive change from SAP’s previous annual dividend of $2.19. SAP’s payout ratio is currently 34.92%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JMP Securities lifted their price objective on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research report on Tuesday. BMO Capital Markets lifted their price objective on shares of SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a research report on Friday. Barclays cut their price objective on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, KeyCorp began coverage on shares of SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.20.

SAP Company 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.