Capital International Investors Sells 237,222 Shares of SAP SE (NYSE:SAP)

Capital International Investors reduced its stake in shares of SAP SE (NYSE:SAP - Free Report) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,214,484 shares of the software maker's stock after selling 237,222 shares during the period. Capital International Investors owned about 0.83% of SAP worth $2,520,970,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of SAP by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 202,064 shares of the software maker's stock valued at $49,750,000 after buying an additional 3,307 shares during the period. Evergreen Capital Management LLC boosted its position in SAP by 7.4% during the fourth quarter. Evergreen Capital Management LLC now owns 10,167 shares of the software maker's stock worth $2,503,000 after purchasing an additional 698 shares during the period. United Capital Financial Advisors LLC increased its stake in shares of SAP by 4.9% in the fourth quarter. United Capital Financial Advisors LLC now owns 14,176 shares of the software maker's stock worth $3,490,000 after purchasing an additional 657 shares in the last quarter. Promethos Capital LLC raised its position in shares of SAP by 3.2% in the fourth quarter. Promethos Capital LLC now owns 118,357 shares of the software maker's stock valued at $29,141,000 after purchasing an additional 3,708 shares during the period. Finally, Barclays PLC lifted its stake in shares of SAP by 101.5% during the 4th quarter. Barclays PLC now owns 3,356 shares of the software maker's stock valued at $826,000 after buying an additional 230,171 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAP. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. BMO Capital Markets raised their target price on SAP from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and upped their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Finally, Barclays boosted their price objective on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $251.00.

SAP Price Performance

Shares of NYSE SAP traded up $20.89 during mid-day trading on Wednesday, reaching $273.29. 1,846,765 shares of the company were exchanged, compared to its average volume of 991,927. SAP SE has a 52 week low of $179.15 and a 52 week high of $293.70. The company's 50 day moving average price is $268.83 and its 200 day moving average price is $255.75. The stock has a market capitalization of $335.74 billion, a PE ratio of 95.22, a PEG ratio of 4.71 and a beta of 1.28. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.18% and a net margin of 9.17%. Sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be issued a $2.5423 dividend. This represents a dividend yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's payout ratio is presently 64.11%.

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.