Vise Technologies Inc. grew its position in SAP SE (NYSE:SAP – Free Report) by 59.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,179 shares of the software maker’s stock after purchasing an additional 8,653 shares during the quarter. Vise Technologies Inc.’s holdings in SAP were worth $5,630,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its position in shares of SAP by 13.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,743 shares of the software maker’s stock valued at $1,395,000 after purchasing an additional 664 shares during the period. Cibc World Market Inc. raised its position in shares of SAP by 95.6% in the fourth quarter. Cibc World Market Inc. now owns 69,350 shares of the software maker’s stock valued at $16,846,000 after purchasing an additional 33,888 shares during the period. Sivia Capital Partners LLC raised its position in shares of SAP by 38.6% in the fourth quarter. Sivia Capital Partners LLC now owns 4,039 shares of the software maker’s stock valued at $981,000 after purchasing an additional 1,125 shares during the period. Greenspring Advisors LLC bought a new position in shares of SAP in the fourth quarter valued at approximately $414,000. Finally, Lido Advisors LLC raised its position in shares of SAP by 1.3% in the fourth quarter. Lido Advisors LLC now owns 23,089 shares of the software maker’s stock valued at $5,948,000 after purchasing an additional 304 shares during the period.
SAP Trading Down 1.2%
Shares of SAP stock opened at $184.89 on Friday. SAP SE has a 52-week low of $158.58 and a 52-week high of $313.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The company’s fifty day moving average price is $173.63 and its two-hundred day moving average price is $204.83. The firm has a market capitalization of $227.14 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12.
SAP Increases Dividend
The company also recently announced an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were paid a $2.9291 dividend. The ex-dividend date was Tuesday, May 5th. This represents a dividend yield of 170.0%. This is a boost from SAP’s previous annual dividend of $2.54. SAP’s dividend payout ratio is presently 28.92%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on SAP. TD Cowen reissued a “buy” rating on shares of SAP in a research report on Thursday, May 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. BMO Capital Markets dropped their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $288.00.
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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