Promethos Capital LLC increased its position in shares of SAP SE (NYSE:SAP - Free Report) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 118,357 shares of the software maker's stock after acquiring an additional 3,708 shares during the period. SAP makes up about 10.2% of Promethos Capital LLC's holdings, making the stock its biggest position. Promethos Capital LLC's holdings in SAP were worth $29,141,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in shares of SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after acquiring an additional 38 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after purchasing an additional 43 shares during the last quarter. Foster Group Inc. lifted its holdings in SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock valued at $268,000 after acquiring 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 stake in shares of SAP by 3.0% in the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock worth $390,000 after purchasing an additional 46 shares in the last quarter.
SAP Trading Down 1.3 %
Shares of SAP stock traded down $3.46 on Friday, reaching $257.02. The company had a trading volume of 1,503,694 shares, compared to its average volume of 981,820. The firm's 50 day moving average price is $271.11 and its two-hundred day moving average price is $254.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $315.75 billion, a PE ratio of 89.55, a PEG ratio of 4.71 and a beta of 1.28. 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 announced 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 net margin of 9.17% and a return on equity of 12.18%. Sell-side analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.
SAP Increases Dividend
The firm 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 dividend yield of 0.8%. The ex-dividend date is Tuesday, May 13th. This is an increase from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio is 64.11%.
Analyst Ratings Changes
SAP has been the subject of several research analyst reports. BMO Capital Markets cut their target price on SAP from $307.00 to $300.00 and set an "outperform" rating for the company in a research report on Wednesday. JMP Securities lifted their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and raised their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Finally, Barclays upped 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. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP has an average rating of "Buy" and an average price target of $247.67.
View Our Latest Report on SAP
SAP Company Profile
(
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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