Causeway Capital Management LLC lessened its holdings in SAP SE (NYSE:SAP - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,860 shares of the software maker's stock after selling 1,188 shares during the period. SAP accounts for about 1.0% of Causeway Capital Management LLC's investment portfolio, making the stock its 29th biggest holding. Causeway Capital Management LLC's holdings in SAP were worth $43,791,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Toronto Dominion Bank acquired a new position in shares of SAP during the third quarter worth approximately $162,000. Anchor Investment Management LLC raised its position in shares of SAP by 448.0% during the third quarter. Anchor Investment Management LLC now owns 274 shares of the software maker's stock valued at $63,000 after buying an additional 224 shares during the last quarter. World Investment Advisors LLC acquired a new position in SAP in the 3rd quarter valued at approximately $227,000. Wilmington Savings Fund Society FSB bought a new stake in shares of SAP during the third quarter worth $494,000. Finally, Tidal Investments LLC grew its holdings in SAP by 15.8% during the 3rd quarter. Tidal Investments LLC now owns 10,944 shares of the software maker's stock worth $2,507,000 after acquiring an additional 1,496 shares during the last quarter.
Analyst Upgrades and Downgrades
Several research firms have weighed in on SAP. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. JMP Securities upped their target price on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, BMO Capital Markets lowered their price target on shares of SAP from $307.00 to $300.00 and set an "outperform" rating on the stock in a report on Wednesday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $247.67.
Check Out Our Latest Research Report on SAP
SAP Price Performance
Shares of NYSE:SAP traded down $3.46 during midday trading on Friday, hitting $257.02. The stock had a trading volume of 1,503,694 shares, compared to its average volume of 981,820. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The company's 50-day moving average price is $271.11 and its 200-day moving average price is $254.90. 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 company has a market capitalization of $315.75 billion, a P/E ratio of 89.55, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.
SAP Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be issued a $2.5423 dividend. This represents a yield of 0.8%. This is an increase from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's dividend payout ratio is presently 64.11%.
SAP Company Profile
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Free Report)
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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