SAP SE (NYSE:SAP) Plans Annual Dividend of $2.54

SAP SE (NYSE:SAP) announced an annual dividend on Monday, April 7th, Wall Street Journal reports. Shareholders of record on Tuesday, May 13th will be paid a dividend of 2.5423 per share by the software maker on Friday, May 23rd. This represents a yield of 0.8%. The ex-dividend date is Tuesday, May 13th. This is a 6.6% increase from SAP’s previous annual dividend of $2.39.

SAP has raised its dividend by an average of 1.8% per year over the last three years. SAP has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect SAP to earn $7.77 per share next year, which means the company should continue to be able to cover its $2.54 annual dividend with an expected future payout ratio of 32.7%.

SAP Trading Down 0.1 %

Shares of SAP stock opened at $294.00 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $361.18 billion, a price-to-earnings ratio of 102.44, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. SAP has a 12-month low of $179.43 and a 12-month high of $303.40. The stock’s 50-day moving average price is $270.23 and its 200-day moving average price is $261.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities research analysts predict that SAP will post 6.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Argus reiterated a “buy” rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. BMO Capital Markets lifted their price target on SAP from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research report on Friday, May 2nd. JMP Securities boosted their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $264.00.

Institutional Investors Weigh In On SAP

A hedge fund recently raised its stake in SAP stock. Brighton Jones LLC boosted its stake in SAP SE (NYSE:SAP) by 91.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,633 shares of the software maker’s stock after acquiring an additional 1,255 shares during the quarter. Brighton Jones LLC’s holdings in SAP were worth $648,000 as of its most recent filing with the SEC.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.