World Investment Advisors Acquires 773 Shares of SAP SE (NYSE:SAP)

World Investment Advisors lifted its holdings in SAP SE (NYSE:SAP) by 78.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,763 shares of the software maker’s stock after acquiring an additional 773 shares during the quarter. World Investment Advisors’ holdings in SAP were worth $434,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank lifted its holdings in shares of SAP by 12.1% during the fourth quarter. Huntington National Bank now owns 2,172 shares of the software maker’s stock valued at $535,000 after purchasing an additional 235 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in SAP by 15.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 147,539 shares of the software maker’s stock valued at $36,326,000 after buying an additional 19,890 shares during the last quarter. May Hill Capital LLC purchased a new stake in shares of SAP in the fourth quarter worth $377,000. National Bank of Canada FI increased its holdings in shares of SAP by 3.3% during the fourth quarter. National Bank of Canada FI now owns 75,692 shares of the software maker’s stock valued at $18,636,000 after acquiring an additional 2,445 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of SAP by 12.3% in the 4th quarter. Franklin Resources Inc. now owns 48,893 shares of the software maker’s stock worth $12,038,000 after purchasing an additional 5,345 shares during the last quarter.

Wall Street Analyst Weigh In

SAP has been the subject of a number of analyst reports. 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. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Stock Down 3.0 %

SAP stock opened at $241.03 on Tuesday. The stock has a market cap of $296.11 billion, a PE ratio of 83.98, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. 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 stock has a fifty day moving average of $275.73 and a 200 day moving average of $253.56. SAP SE has a one year low of $175.08 and a one year high of $293.70.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, sell-side analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a $2.5423 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This is a boost from SAP’s previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP’s dividend payout ratio is 60.28%.

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.