TD Asset Management Inc Sells 114,662 Shares of SAP SE $SAP

TD Asset Management Inc decreased its stake in shares of SAP SE (NYSE:SAP) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 390,016 shares of the software maker’s stock after selling 114,662 shares during the quarter. TD Asset Management Inc’s holdings in SAP were worth $94,739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAP. Brighton Jones LLC raised its stake in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after purchasing an additional 1,255 shares in the last quarter. Baird Financial Group Inc. purchased a new stake in SAP during the first quarter valued at $242,000. AQR Capital Management LLC raised its stake in SAP by 49.0% during the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after purchasing an additional 5,363 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in SAP during the first quarter valued at $2,681,000. Finally, Sivia Capital Partners LLC raised its stake in SAP by 2.3% during the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after purchasing an additional 69 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SAP. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday, May 14th. BMO Capital Markets decreased their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. Santander raised shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. Finally, Barclays increased their target price on shares of SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $288.00.

SAP Trading Up 3.6%

SAP stock opened at $187.19 on Friday. The company has a market capitalization of $229.96 billion, a PE ratio of 25.30, a P/E/G ratio of 2.02 and a beta of 1.12. SAP SE has a 12 month low of $158.58 and a 12 month high of $313.28. The firm’s 50-day moving average is $173.31 and its 200 day moving average is $204.97. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07.

SAP (NYSE:SAP) last posted its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The company had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. On average, research analysts anticipate that SAP SE will post 8.39 EPS for the current year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were paid a $2.9291 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a yield of 170.0%. This is a boost from SAP’s previous annual dividend of $2.54. SAP’s payout ratio is 28.92%.

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.