SAP SE (NYSE:SAP – Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $149.06 and last traded at $151.3940, with a volume of 448723 shares changing hands. The stock had previously closed at $152.75.
Wall Street Analysts Forecast Growth
A number of analysts have commented on SAP shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Thursday, May 14th. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Barclays increased their target price on shares of SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Piper Sandler downgraded shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. One equities research 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 Trading Down 1.1%
SAP (NYSE:SAP – Get Free Report) last released its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The firm had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. As a group, research analysts forecast that SAP SE will post 8.36 EPS for the current year.
SAP Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were given a dividend of $2.9291 per share. The ex-dividend date was Tuesday, May 5th. This is an increase from SAP’s previous annual dividend of $2.54. This represents a dividend yield of 170.0%. SAP’s dividend payout ratio (DPR) is 28.92%.
Hedge Funds Weigh In On SAP
Several institutional investors have recently bought and sold shares of SAP. Sound Income Strategies LLC lifted its stake in SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Bayban purchased a new position in shares of SAP during the fourth quarter valued at about $28,000. Community Bank N.A. purchased a new position in shares of SAP during the third quarter valued at about $32,000. Kozak & Associates Inc. bought a new stake in shares of SAP in the third quarter worth about $37,000. Finally, GoalVest Advisory LLC purchased a new stake in shares of SAP in the fourth quarter worth about $35,000.
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.
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