Wellington Management Group LLP acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 664,595 shares of the software maker's stock, valued at approximately $163,630,000. Wellington Management Group LLP owned 0.05% of SAP as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Holocene Advisors LP acquired a new position in SAP in the third quarter valued at about $10,869,000. Atomi Financial Group Inc. raised its stake in shares of SAP by 38.9% in the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock valued at $3,074,000 after acquiring an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of 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 acquiring an additional 11,057 shares in the last quarter. JPMorgan Chase & Co. grew its position in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock worth $125,654,000 after acquiring an additional 7,667 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 purchasing an additional 249,824 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on SAP shares. BMO Capital Markets increased their target price on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and upped their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities raised their price target on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $248.83.
Check Out Our Latest Research Report on SAP
SAP Trading Down 3.0 %
SAP stock traded down $7.47 during midday trading on Monday, reaching $241.03. The company's stock had a trading volume of 4,495,441 shares, compared to its average volume of 947,796. The business's 50-day simple moving average is $275.73 and its 200-day simple moving average is $253.56. 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 52 week low of $175.08 and a 52 week high of $293.70. The stock has a market cap of $296.11 billion, a PE ratio of 83.98, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28.
SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. As a group, sell-side analysts expect that SAP SE will post 6.55 EPS for the current year.
SAP Increases Dividend
The business also recently declared 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 of this dividend is Tuesday, May 13th. This is a boost from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP's dividend payout ratio is 60.28%.
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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