National Bank of Canada FI Buys 2,445 Shares of SAP SE (NYSE:SAP)

National Bank of Canada FI increased its position in shares of SAP SE (NYSE:SAP - Free Report) by 3.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,692 shares of the software maker's stock after acquiring an additional 2,445 shares during the period. National Bank of Canada FI's holdings in SAP were worth $18,636,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SAP. Fisher Asset Management LLC increased its stake in shares of SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock valued at $1,260,137,000 after buying an additional 403,956 shares during the period. TD Asset Management Inc. increased its position in SAP by 125.0% in the 4th 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 during the period. JPMorgan Chase & Co. lifted its holdings in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares during the period. WCM Investment Management LLC bought a new stake in shares of SAP in the fourth quarter worth $290,023,000. Finally, Wellington Management Group LLP acquired a new stake in SAP in the fourth quarter valued at $163,630,000.

Wall Street Analysts Forecast Growth

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

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SAP Stock Performance

Shares of NYSE SAP traded up $3.60 during trading on Tuesday, reaching $245.14. 1,137,877 shares of the stock traded hands, compared to its average volume of 1,258,885. The stock has a market capitalization of $301.16 billion, a P/E ratio of 85.44, 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 current ratio of 1.12 and a quick ratio of 1.10. The company has a 50-day moving average of $275.73 and a 200-day moving average of $253.56. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS 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%. Analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company 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 is Tuesday, May 13th. This represents a yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio is currently 60.28%.

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.