Jackson Square Capital LLC Acquires New Position in SAP SE (NYSE:SAP)

Jackson Square Capital LLC purchased a new position in SAP SE (NYSE:SAP - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,741 shares of the software maker's stock, valued at approximately $1,004,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SAP. Fisher Asset Management LLC boosted its holdings in shares of SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock valued at $1,260,137,000 after purchasing an additional 403,956 shares during the last quarter. TD Asset Management Inc. raised its position in SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after purchasing an additional 890,157 shares during the period. Northern Trust Corp lifted its stake in shares of SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after purchasing an additional 701,880 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares during the period. Finally, Bank of America Corp DE increased its position in shares of SAP by 5.7% during the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock valued at $323,720,000 after purchasing an additional 70,613 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have commented on SAP. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Argus reissued a "buy" rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. JMP Securities reaffirmed a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a research report on Friday, May 23rd. Piper Sandler began coverage on SAP in a research report on Tuesday. They set an "overweight" rating for the company. Finally, Wells Fargo & Company assumed coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating on the stock. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $271.83.

SAP Stock Down 1.1%

SAP stock traded down $3.35 during mid-day trading on Tuesday, reaching $292.49. 727,683 shares of the company were exchanged, compared to its average volume of 1,062,523. SAP SE has a 12-month low of $188.17 and a 12-month high of $311.40. The business has a fifty day moving average of $287.87 and a 200 day moving average of $273.21. The firm has a market cap of $359.32 billion, a P/E ratio of 101.91, a PEG ratio of 4.71 and a beta of 1.32. 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 posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. Research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were paid a $2.5423 dividend. This represents a yield of 0.8%. This is an increase from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend was Tuesday, May 13th. SAP's dividend payout ratio (DPR) is 35.25%.

SAP 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.