May Hill Capital LLC Purchases 3,311 Shares of SAP SE $SAP

May Hill Capital LLC grew its position in SAP SE (NYSE:SAP) by 97.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,714 shares of the software maker’s stock after purchasing an additional 3,311 shares during the quarter. May Hill Capital LLC’s holdings in SAP were worth $1,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Binnacle Investments Inc grew its holdings in SAP by 14.2% during the 3rd quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock worth $90,000 after acquiring an additional 42 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in SAP by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after acquiring an additional 43 shares in the last quarter. Spire Wealth Management grew its holdings in SAP by 6.2% during the 4th quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock worth $180,000 after acquiring an additional 43 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in SAP by 2.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 2,104 shares of the software maker’s stock worth $562,000 after acquiring an additional 45 shares in the last quarter. Finally, Euro Pacific Asset Management LLC grew its holdings in SAP by 5.7% during the 4th quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker’s stock worth $213,000 after acquiring an additional 47 shares in the last quarter.

SAP Stock Up 3.4%

SAP stock opened at $169.69 on Friday. The firm has a 50 day moving average of $175.74 and a 200 day moving average of $212.94. The stock has a market capitalization of $208.46 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.90 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 released its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The company had revenue of $11.06 billion during the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. Sell-side analysts forecast that SAP SE will post 8.35 earnings per share for the current 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 dividend of $2.9291 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a yield of 170.0%. This is a boost from SAP’s previous annual dividend of $2.54. SAP’s payout ratio is 28.92%.

Analyst Ratings Changes

SAP has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SAP in a report on Friday, January 30th. Citigroup cut shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, January 30th. Piper Sandler cut shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. BMO Capital Markets lowered their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Finally, HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.