Cerity Partners LLC Acquires 6,287 Shares of SAP SE (NYSE:SAP)

Cerity Partners LLC raised its stake in shares of SAP SE (NYSE:SAP - Free Report) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,583 shares of the software maker's stock after acquiring an additional 6,287 shares during the quarter. Cerity Partners LLC's holdings in SAP were worth $17,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Oppenheimer & Co. Inc. lifted its stake in SAP by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock valued at $235,000 after buying an additional 38 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after purchasing an additional 43 shares during the period. Foster Group Inc. grew its position in SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock worth $268,000 after purchasing an additional 45 shares in the last quarter. Wedmont Private Capital raised its position in SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock valued at $485,000 after buying an additional 46 shares during the period. Finally, Addison Advisors LLC increased its stake in SAP by 3.0% in the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock valued at $390,000 after buying an additional 46 shares during the period.

Analyst Upgrades and Downgrades

SAP has been the topic of several analyst reports. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. Barclays boosted their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and increased their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has a consensus rating of "Buy" and an average target price of $248.83.

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SAP Stock Performance

Shares of SAP stock traded up $3.20 on Tuesday, hitting $262.73. The stock had a trading volume of 488,705 shares, compared to its average volume of 972,383. The stock has a market cap of $322.76 billion, a price-to-earnings ratio of 91.53, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. The business's 50 day moving average is $272.39 and its two-hundred day moving average is $254.61. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70.

SAP (NYSE:SAP - Get Free Report) last issued 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%. Analysts forecast that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a $2.5423 dividend. The ex-dividend date is Tuesday, May 13th. This represents a yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is currently 64.11%.

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.