Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in SAP SE (NYSE:SAP - Free Report) by 473.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,081 shares of the software maker's stock after buying an additional 1,718 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in SAP were worth $502,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its position 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 during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of SAP by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after buying an additional 43 shares during the last quarter. Foster Group Inc. grew its position in SAP by 4.3% during the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock valued at $268,000 after buying an additional 45 shares during the period. Wedmont Private Capital grew 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 holdings in SAP by 3.0% during the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock worth $390,000 after buying an additional 46 shares during the last quarter.
Analysts Set New Price Targets
SAP has been the topic of a number of research analyst reports. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. 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. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Finally, Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $248.83.
Read Our Latest Research Report on SAP
SAP Stock Performance
Shares of NYSE:SAP traded down $7.47 during midday trading on Monday, reaching $241.03. 4,495,441 shares of the company traded hands, compared to its average volume of 947,796. The firm's fifty day moving average price is $275.73 and its two-hundred day moving average price is $253.56. The firm has a market capitalization of $296.11 billion, a price-to-earnings ratio of 83.98, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. 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 12 month low of $175.08 and a 12 month high of $293.70.
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 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%. On average, equities analysts expect that SAP SE will post 6.55 earnings per share for the current year.
SAP Increases Dividend
The company also recently declared an annual dividend, which will be paid on Friday, May 23rd. Shareholders 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 (DPR) is presently 60.28%.
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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