SAP SE (NYSE:SAP) Shares Acquired by Capital World Investors

Capital World Investors grew its position in SAP SE (NYSE:SAP) by 53.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 22,589 shares of the software maker’s stock after acquiring an additional 7,892 shares during the quarter. Capital World Investors’ holdings in SAP were worth $5,621,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

SAP has been the topic of several analyst reports. TD Cowen raised 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. BMO Capital Markets cut their target price on SAP from $307.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, April 16th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, Barclays raised their price objective on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $247.67.

SAP Price Performance

SAP stock opened at $250.65 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $269.66 and its 200 day simple moving average is $255.78. SAP SE has a 52 week low of $176.14 and a 52 week high of $293.70. The firm has a market capitalization of $307.92 billion, a PE ratio of 87.33, a P/E/G ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be issued a $2.5423 dividend. This represents a dividend yield of 0.8%. This is a boost from SAP’s previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. SAP’s payout ratio is 64.11%.

SAP Company 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.