Massachusetts Financial Services Co. MA Increases Stake in SAP SE (NYSE:SAP)

Massachusetts Financial Services Co. MA boosted its stake in SAP SE (NYSE:SAP - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,539 shares of the software maker's stock after buying an additional 19,890 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in SAP were worth $36,326,000 at the end of the most recent quarter.

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

Remove Ads

SAP Trading Down 2.1 %

SAP stock traded down $5.54 during mid-day trading on Thursday, hitting $254.07. 947,929 shares of the stock were exchanged, compared to its average volume of 962,914. 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 firm's fifty day simple moving average is $273.51 and its two-hundred day simple moving average is $253.77. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The stock has a market capitalization of $312.13 billion, a price-to-earnings ratio of 88.72, a PEG ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. 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 paid a $2.5423 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a yield of 0.8%. This is an increase from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is currently 64.11%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets upped their price target on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Barclays boosted their price target on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Finally, JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP presently has an average rating of "Buy" and a consensus price target of $248.83.

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.