SAP SE (NYSE:SAP) Holdings Lowered by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC lessened its stake in shares of SAP SE (NYSE:SAP - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,610 shares of the software maker's stock after selling 1,319 shares during the period. Prosperity Consulting Group LLC's holdings in SAP were worth $6,798,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAP. Fisher Asset Management LLC lifted its position in shares of SAP by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock valued at $1,260,137,000 after acquiring an additional 403,956 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after buying an additional 890,157 shares during the period. JPMorgan Chase & Co. boosted its position in shares of SAP by 145.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after buying an additional 798,037 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of SAP by 30.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,172,103 shares of the software maker's stock valued at $288,583,000 after buying an additional 273,417 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in SAP in the 4th quarter worth about $290,023,000.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SAP. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. BMO Capital Markets increased their price objective on SAP from $300.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Barclays restated an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research note on Thursday. Finally, TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and increased their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $254.67.

SAP Stock Performance

Shares of NYSE:SAP opened at $278.45 on Friday. The stock has a market capitalization of $342.08 billion, a P/E ratio of 97.02, a P/E/G ratio of 4.71 and a beta of 1.28. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 1-year low of $179.15 and a 1-year high of $293.70. The business has a 50-day moving average price of $267.83 and a two-hundred day moving average price of $256.60.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities analysts predict that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The business 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. This is a positive change from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's payout ratio is presently 35.25%.

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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