Northwestern Mutual Wealth Management Co. increased its position in SAP SE (NYSE:SAP – Free Report) by 95.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,507 shares of the software maker’s stock after acquiring an additional 15,420 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SAP were worth $7,653,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Binnacle Investments Inc increased its position in SAP by 14.2% in the third quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock worth $90,000 after purchasing an additional 42 shares during the period. Spire Wealth Management increased its position in SAP by 6.2% in the fourth quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock worth $180,000 after purchasing an additional 43 shares during the period. Thrivent Financial for Lutherans increased its position in SAP by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after purchasing an additional 43 shares during the period. Euro Pacific Asset Management LLC increased its position in SAP by 5.7% in the fourth quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker’s stock worth $213,000 after purchasing an additional 47 shares during the period. Finally, Modera Wealth Management LLC increased its position in SAP by 1.2% in the fourth quarter. Modera Wealth Management LLC now owns 3,912 shares of the software maker’s stock worth $950,000 after purchasing an additional 48 shares during the period.
SAP Price Performance
Shares of SAP opened at $176.04 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. SAP SE has a 1 year low of $158.58 and a 1 year high of $313.28. The stock has a market cap of $216.26 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11. The stock’s 50-day moving average price is $173.67 and its two-hundred day moving average price is $209.89.
SAP Increases Dividend
The business also recently announced an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued a dividend of $2.9291 per share. This represents a yield of 170.0%. This is an increase from SAP’s previous annual dividend of $2.54. The ex-dividend date was Tuesday, May 5th. SAP’s dividend payout ratio (DPR) is 28.92%.
Analysts Set New Price Targets
A number of analysts recently commented on SAP shares. Citigroup lowered SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings lowered SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a report on Friday, January 30th. Finally, Citizens Jmp cut SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.
Check Out Our Latest Research Report on SAP
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.
Featured Stories
- Five stocks we like better than SAP
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP – Free Report).
Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.
