Russell Investments Group Ltd. boosted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,735 shares of the software maker's stock after buying an additional 3,449 shares during the period. Russell Investments Group Ltd.'s holdings in SAP were worth $26,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in SAP. Centricity Wealth Management LLC acquired a new position in shares of SAP in the fourth quarter valued at about $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the fourth quarter worth $27,000. Rakuten Securities Inc. grew its position in SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT raised its stake in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after buying an additional 71 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of SAP in the fourth quarter worth about $42,000.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. TD Cowen raised SAP from a "hold" rating to a "buy" rating and boosted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Royal Bank of Canada restated an "outperform" rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets upped their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Finally, Barclays upped their price target on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $248.83.
View Our Latest Analysis on SAP
SAP Stock Up 1.1 %
Shares of NYSE:SAP traded up $2.95 during trading hours on Monday, reaching $262.10. The stock had a trading volume of 401,234 shares, compared to its average volume of 1,309,538. The stock has a market capitalization of $321.99 billion, a price-to-earnings ratio of 91.32, a P/E/G ratio of 4.71 and a beta of 1.28. The firm's 50 day moving average is $272.86 and its 200-day moving average is $254.39. 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 1 year low of $175.08 and a 1 year 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 (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%. Research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.
SAP Increases Dividend
The company also recently announced an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. The ex-dividend date is Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a boost from SAP's previous annual dividend of $2.39. SAP's payout ratio is 64.11%.
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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