Pathstone Holdings LLC Raises Position in SAP SE (NYSE:SAP)

Pathstone Holdings LLC boosted its stake in SAP SE (NYSE:SAP) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,249 shares of the software maker’s stock after buying an additional 3,681 shares during the period. Pathstone Holdings LLC’s holdings in SAP were worth $20,990,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SAP. Fisher Asset Management LLC lifted its position in SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after buying an additional 403,956 shares during the period. TD Asset Management Inc. lifted its position in SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after buying an additional 890,157 shares during the period. Northern Trust Corp lifted its position in SAP by 91.2% during the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock valued at $362,371,000 after buying an additional 701,880 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after purchasing an additional 798,037 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of SAP by 5.7% during the fourth quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker’s stock valued at $323,720,000 after purchasing an additional 70,613 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on SAP. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays reaffirmed an “overweight” rating and issued a $308.00 price target (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Argus reaffirmed a “buy” rating and issued a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $264.00.

SAP Price Performance

Shares of NYSE:SAP opened at $287.95 on Thursday. SAP SE has a fifty-two week low of $179.43 and a fifty-two week high of $303.40. The business has a 50-day simple moving average of $270.79 and a two-hundred day simple moving average of $262.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $353.75 billion, a price-to-earnings ratio of 100.33, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. On average, analysts expect that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

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

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.