Norges Bank bought a new stake in SAP SE (NYSE:SAP – Free Report) during the fourth quarter, HoldingsChannel reports. The fund bought 336,683 shares of the software maker’s stock, valued at approximately $81,784,000.
A number of other large investors have also recently bought and sold shares of SAP. Brighton Jones LLC boosted its position in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after buying an additional 1,255 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in SAP in the first quarter valued at approximately $242,000. AQR Capital Management LLC boosted its position in SAP by 49.0% in the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after buying an additional 5,363 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in SAP in the first quarter valued at approximately $2,681,000. Finally, Sivia Capital Partners LLC boosted its position in SAP by 2.3% in the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after buying an additional 69 shares during the last quarter.
SAP Trading Down 1.2%
Shares of NYSE:SAP opened at $184.89 on Friday. SAP SE has a 12-month low of $158.58 and a 12-month high of $313.28. The company has a market capitalization of $227.14 billion, a PE ratio of 24.99, a PEG ratio of 2.06 and a beta of 1.12. The business has a 50 day moving average of $173.63 and a two-hundred day moving average of $204.83. 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 Increases Dividend
The business also recently declared an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued a $2.9291 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This is a boost from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. SAP’s dividend payout ratio is presently 28.92%.
Analyst Ratings Changes
SAP has been the topic of a number of recent research reports. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Barclays upped their target price on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 16th. Finally, Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average target price of $288.00.
Get 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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