Capital Research Global Investors Lowers Holdings in SAP SE (NYSE:SAP)

Capital Research Global Investors reduced its position in SAP SE (NYSE:SAP - Free Report) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,345 shares of the software maker's stock after selling 6,705 shares during the quarter. Capital Research Global Investors' holdings in SAP were worth $6,555,000 as of its most recent SEC filing.

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

SAP Trading Down 2.6 %

NYSE:SAP opened at $250.65 on Tuesday. 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 firm has a fifty day simple moving average of $269.66 and a 200-day simple moving average of $255.78. SAP SE has a 12 month low of $176.14 and a 12 month high of $293.70. The company has a market capitalization of $307.92 billion, a P/E ratio of 87.33, a PEG ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.18% and a net margin of 9.17%. On average, equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This is an increase from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's payout ratio is currently 64.11%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SAP shares. BMO Capital Markets decreased their price objective on SAP from $307.00 to $300.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. TD Cowen upgraded 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 report on Friday, January 17th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Barclays raised their target price 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. Finally, JMP Securities upped 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has a consensus rating of "Buy" and an average target price of $247.67.

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.

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