Night Owl Capital Management LLC Has $56.06 Million Holdings in SAP SE (NYSE:SAP)

Night Owl Capital Management LLC boosted its stake in SAP SE (NYSE:SAP) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,670 shares of the software maker’s stock after acquiring an additional 6,647 shares during the period. SAP accounts for 7.2% of Night Owl Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Night Owl Capital Management LLC’s holdings in SAP were worth $56,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SAP. Centricity Wealth Management LLC acquired a new stake in SAP during the fourth quarter worth approximately $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. grew its position in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after buying an additional 108 shares during the period. Albion Financial Group UT increased its stake in shares of SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SAP during the 4th quarter valued at $42,000.

SAP Stock Performance

Shares of SAP opened at $289.70 on Wednesday. SAP SE has a 12 month low of $179.43 and a 12 month high of $303.40. The stock has a 50 day moving average of $270.56 and a 200 day moving average of $262.02. 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 company has a market capitalization of $355.90 billion, a price-to-earnings ratio of 100.94, a PEG ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP) last released its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 13th. This is a boost from SAP’s previous annual dividend of $2.39. SAP’s dividend payout ratio is currently 35.25%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating on shares of SAP in a report on Friday, May 2nd. Barclays restated an “overweight” rating and issued a $308.00 target price (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and upped their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities raised their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Finally, Argus reaffirmed a “buy” rating and issued a $320.00 price objective on shares of SAP in a research note on Tuesday, April 29th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $264.00.

SAP Profile

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.