SAP SE (NYSE:SAP) Stake Lifted by Stifel Financial Corp

Stifel Financial Corp raised its stake in SAP SE (NYSE:SAP - Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 221,849 shares of the software maker's stock after buying an additional 11,045 shares during the quarter. Stifel Financial Corp's holdings in SAP were worth $54,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SAP. Atomi Financial Group Inc. grew its position in SAP by 38.9% in the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock worth $3,074,000 after purchasing an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC grew its holdings in SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock worth $4,030,000 after buying an additional 11,057 shares in the last quarter. JPMorgan Chase & Co. increased its position in SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock valued at $125,654,000 after acquiring an additional 7,667 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in SAP by 152.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock valued at $101,969,000 after acquiring an additional 249,824 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in SAP by 98.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock worth $633,000 after acquiring an additional 1,279 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and lifted their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays upped their price target on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. BMO Capital Markets lowered their price objective on shares of SAP from $307.00 to $300.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada restated an "outperform" rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Finally, JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $247.67.

SAP Trading Up 0.6 %

Shares of NYSE SAP opened at $252.12 on Wednesday. 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 SE has a 12 month low of $179.15 and a 12 month high of $293.70. The company has a market cap of $309.72 billion, a price-to-earnings ratio of 87.84, a P/E/G ratio of 4.71 and a beta of 1.28. The business has a fifty day simple moving average of $268.83 and a 200-day simple moving average of $255.75.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate 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 predict that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The firm 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 $2.5423 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 13th. This is a boost from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is 64.11%.

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.

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