Invesco Ltd. Increases Position in SAP SE (NYSE:SAP)

Invesco Ltd. raised its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,709 shares of the software maker's stock after buying an additional 12,503 shares during the quarter. Invesco Ltd.'s holdings in SAP were worth $37,352,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SAP. Centricity Wealth Management LLC purchased a new stake in SAP in the fourth quarter valued at $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. raised its stake in SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after buying an additional 108 shares in the last quarter. Albion Financial Group UT raised its position 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 worth $32,000 after acquiring an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of SAP during the 4th quarter worth approximately $42,000.

SAP Trading Up 0.6 %

SAP stock traded up $1.58 during trading on Tuesday, reaching $252.12. The company had a trading volume of 2,492,882 shares, compared to its average volume of 988,294. The firm has a market capitalization of $309.72 billion, a price-to-earnings ratio of 87.84, a PEG ratio of 4.71 and a beta of 1.28. The stock's 50 day moving average price is $268.83 and its two-hundred day moving average price is $255.75. SAP SE has a 12-month low of $179.15 and a 12-month high of $293.70. 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 (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, equities analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal 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 paid a $2.5423 dividend. The ex-dividend date is Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is 64.11%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SAP shares. BMO Capital Markets decreased 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, April 16th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. JMP Securities boosted 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. Royal Bank of Canada restated an "outperform" rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and lifted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, SAP currently has an average rating of "Buy" and an average target price of $247.67.

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.