Sustainable Growth Advisers LP trimmed its holdings in SAP SE (NYSE:SAP – Free Report) by 18.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 686,851 shares of the software maker’s stock after selling 155,565 shares during the period. Sustainable Growth Advisers LP’s holdings in SAP were worth $166,843,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Dara Capital US Inc. purchased a new position in shares of SAP in the fourth quarter valued at about $3,342,000. Oppenheimer Asset Management Inc. lifted its position in shares of SAP by 15.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock valued at $14,272,000 after acquiring an additional 7,066 shares in the last quarter. Seaview Investment Managers LLC lifted its position in shares of SAP by 191.4% in the third quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock valued at $3,138,000 after acquiring an additional 7,714 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of SAP in the third quarter valued at about $32,760,000. Finally, Dash Acquisitions Inc. lifted its position in shares of SAP by 8.7% in the fourth quarter. Dash Acquisitions Inc. now owns 78,880 shares of the software maker’s stock valued at $19,161,000 after acquiring an additional 6,315 shares in the last quarter.
SAP Trading Up 7.9%
Shares of NYSE SAP opened at $196.18 on Tuesday. The business’s 50 day moving average is $172.63 and its two-hundred day moving average is $206.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. SAP SE has a 1-year low of $158.58 and a 1-year high of $313.28. The stock has a market capitalization of $241.01 billion, a P/E ratio of 26.51, a PEG ratio of 2.03 and a beta of 1.12.
SAP Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were paid a dividend of $2.9291 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This is an increase from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. SAP’s payout ratio is presently 28.92%.
Analysts Set New Price Targets
A number of research firms recently commented on SAP. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Barclays boosted their target price on SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. BMO Capital Markets decreased their target price on SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $288.00.
View Our Latest Analysis on SAP
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.
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