MML Investors Services LLC Acquires 12,808 Shares of SAP SE (NYSE:SAP)

MML Investors Services LLC increased its stake in SAP SE (NYSE:SAP - Free Report) by 27.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,096 shares of the software maker's stock after purchasing an additional 12,808 shares during the period. MML Investors Services LLC's holdings in SAP were worth $14,550,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SAP. Anchor Investment Management LLC grew its stake in shares of SAP by 448.0% during the third quarter. Anchor Investment Management LLC now owns 274 shares of the software maker's stock worth $63,000 after purchasing an additional 224 shares during the period. World Investment Advisors LLC acquired a new position in SAP in the 3rd quarter worth $227,000. Wilmington Savings Fund Society FSB acquired a new position in shares of SAP during the third quarter worth about $494,000. Tidal Investments LLC grew its stake in shares of SAP by 15.8% during the 3rd quarter. Tidal Investments LLC now owns 10,944 shares of the software maker's stock worth $2,507,000 after acquiring an additional 1,496 shares in the last quarter. Finally, Decatur Capital Management Inc. bought a new position in SAP in the third quarter valued at $220,000.

Wall Street Analysts Forecast Growth

SAP has been the subject of several recent research reports. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. BMO Capital Markets dropped their price target on shares of SAP from $307.00 to $300.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and increased their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $247.67.

SAP Stock Up 0.6 %

Shares of SAP opened at $252.12 on Wednesday. The firm has a market cap of $309.72 billion, a P/E ratio of 87.84, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a 52 week low of $179.15 and a 52 week high of $293.70. The firm's 50-day simple moving average is $268.83 and its 200 day simple moving average is $255.75.

SAP (NYSE:SAP - Get Free Report) last released 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 return on equity of 12.18% and a net margin of 9.17%. On average, analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a $2.5423 dividend. This represents a dividend 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 payout ratio is presently 64.11%.

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.

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