SAP SE $SAP Shares Purchased by Louisbourg Investments Inc.

Louisbourg Investments Inc. grew its position in SAP SE (NYSE:SAP) by 108.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,680 shares of the software maker’s stock after purchasing an additional 9,200 shares during the period. Louisbourg Investments Inc.’s holdings in SAP were worth $3,027,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its position in shares of SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after buying an additional 58 shares during the period. Bayban acquired a new stake in SAP in the 4th quarter valued at approximately $28,000. Community Bank N.A. bought a new stake in SAP during the 3rd quarter valued at $32,000. GoalVest Advisory LLC bought a new stake in SAP during the 4th quarter valued at $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in SAP by 758.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after acquiring an additional 129 shares during the period.

SAP Stock Performance

Shares of NYSE SAP opened at $155.24 on Friday. SAP SE has a 1 year low of $148.06 and a 1 year high of $313.28. The firm has a market cap of $190.71 billion, a P/E ratio of 20.98, a PEG ratio of 1.76 and a beta of 1.12. The stock has a fifty day moving average price of $171.33 and a two-hundred day moving average price of $196.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07.

SAP (NYSE:SAP) last posted its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The company had revenue of $11.06 billion for the quarter. Research analysts forecast that SAP SE will post 8.36 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a $2.9291 dividend. This represents a yield of 170.0%. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date was Tuesday, May 5th. SAP’s dividend payout ratio (DPR) is presently 28.92%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SAP shares. The Goldman Sachs Group reissued a “buy” rating and set a $265.00 price target on shares of SAP in a report on Wednesday, June 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. BMO Capital Markets decreased their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Weiss Ratings cut shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Finally, Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.40.

SAP Profile

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.