FMR LLC cut its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,383,177 shares of the software maker's stock after selling 863,102 shares during the period. FMR LLC owned 0.76% of SAP worth $2,310,232,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WCM Investment Management LLC acquired a new position in SAP during the 4th quarter valued at about $290,023,000. TD Asset Management Inc. increased its holdings in shares of SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after acquiring an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after purchasing an additional 798,037 shares during the last quarter. Wellington Management Group LLP purchased a new stake in SAP during the 4th quarter worth approximately $163,630,000. Finally, Raymond James Financial Inc. purchased a new stake in SAP during the 4th quarter worth approximately $150,668,000.
SAP Stock Performance
NYSE:SAP traded up $0.51 during trading hours on Friday, reaching $259.00. The company had a trading volume of 1,001,267 shares, compared to its average volume of 970,023. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The business's 50 day moving average price is $273.24 and its 200-day moving average price is $253.96. The firm has a market cap of $318.18 billion, a PE ratio of 89.76, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28.
SAP (NYSE:SAP - Get Free Report) last posted its 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%. Research analysts forecast that SAP SE will post 6.55 EPS for the current year.
SAP Increases Dividend
The company also recently announced an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. This is a positive change from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 13th. SAP's dividend payout ratio is presently 64.11%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and lifted their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $248.83.
Get Our Latest Analysis on SAP
About SAP
(
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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