Envestnet Asset Management Inc. Has $288.58 Million Stock Position in SAP SE (NYSE:SAP)

Envestnet Asset Management Inc. boosted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 30.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,172,103 shares of the software maker's stock after purchasing an additional 273,417 shares during the quarter. Envestnet Asset Management Inc. owned about 0.10% of SAP worth $288,583,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new position in shares of SAP during the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. boosted its position in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after acquiring an additional 108 shares during the period. Albion Financial Group UT grew its stake in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after acquiring an additional 71 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in SAP during the fourth quarter worth $42,000.

SAP Price Performance

SAP stock traded down $0.19 during mid-day trading on Friday, hitting $258.30. 938,192 shares of the company were exchanged, compared to its average volume of 969,777. The company has a market capitalization of $317.33 billion, a PE ratio of 90.04, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. The business has a fifty day moving average of $273.24 and a 200 day moving average of $253.96. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

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SAP (NYSE:SAP - Get Free Report) last announced 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%. As a group, sell-side analysts expect 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. Stockholders of record on Tuesday, May 13th will be issued a $2.5423 dividend. This is an increase from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's payout ratio is presently 64.11%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SAP. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Barclays upped their price target on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Finally, JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $248.83.

SAP Company 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.