Wells Fargo & Company MN Grows Position in SAP SE (NYSE:SAP)

Wells Fargo & Company MN lifted its position in SAP SE (NYSE:SAP - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 937,267 shares of the software maker's stock after purchasing an additional 33,400 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of SAP worth $230,764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAP. Centricity Wealth Management LLC purchased a new position in SAP during the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the fourth quarter worth $27,000. Rakuten Securities Inc. raised its holdings in shares of SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after purchasing an additional 108 shares during the last quarter. Albion Financial Group UT lifted its position in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after purchasing an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in SAP in the fourth quarter valued at $42,000.

SAP Price Performance

NYSE SAP traded up $0.56 on Friday, hitting $259.05. The company had a trading volume of 1,627,681 shares, compared to its average volume of 972,150. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company's fifty day moving average price is $272.86 and its 200-day moving average price is $254.21. The company has a market capitalization of $318.25 billion, a PE ratio of 90.26, a PEG ratio of 4.71 and a beta of 1.28. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70.

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SAP (NYSE:SAP - Get Free Report) last announced its 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 net margin of 9.17% and a return on equity of 12.18%. As a group, analysts predict that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SAP shares. JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and raised their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Finally, Barclays raised their price target on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has a consensus rating of "Buy" and a consensus target price of $248.83.

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.