Davis Selected Advisers Has $13.69 Million Stock Holdings in SAP SE $SAP

Key Points

• Davis Selected Advisers raised its stake in SAP by 20.4% in Q4, owning 56,347 shares worth about $13.69 million after adding 9,560 shares.
• SAP increased its annual dividend to $2.9291 per share (previously $2.54); the ex-dividend/record date is May 5 and the dividend is payable May 15.
• Analysts are mixed but generally positive: the consensus is a “Moderate Buy” with an average price target of $288, alongside recent rating changes including upgrades and downgrades from firms like Santander, Piper Sandler and Barclays.

Davis Selected Advisers increased its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 20.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 56,347 shares of the software maker's stock after purchasing an additional 9,560 shares during the period. Davis Selected Advisers' holdings in SAP were worth $13,688,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sound Income Strategies LLC lifted its position in shares of SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker's stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of SAP during the 3rd quarter worth about $27,000. Copia Wealth Management acquired a new position in shares of SAP during the 3rd quarter worth about $28,000. Guerra Advisors Inc acquired a new position in shares of SAP during the 3rd quarter worth about $31,000. Finally, Community Bank N.A. acquired a new position in shares of SAP during the 3rd quarter worth about $32,000.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SAP. Piper Sandler cut SAP from an "overweight" rating to a "neutral" rating in a research report on Tuesday, April 14th. Weiss Ratings cut SAP from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, March 16th. Barclays boosted their price objective on SAP from $256.00 to $257.00 and gave the stock an "overweight" rating in a research report on Monday. Santander upgraded SAP from a "neutral" rating to an "outperform" rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of SAP in a research note on Tuesday, March 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $288.00.

SAP Trading Up 0.8%

Shares of SAP opened at $170.80 on Friday. SAP SE has a 12-month low of $160.66 and a 12-month high of $313.28. The company has a quick ratio of 1.16, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $209.82 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 1.90 and a beta of 1.11. The stock's 50-day moving average price is $180.99 and its 200 day moving average price is $219.88.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The firm had revenue of $11.06 billion for the quarter. As a group, research analysts predict that SAP SE will post 8.37 earnings per share for the current year.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be paid a dividend of $2.9291 per share. This is a positive change from SAP's previous annual dividend of $2.54. This represents a yield of 175.0%. The ex-dividend date is Tuesday, May 5th. SAP's dividend payout ratio is presently 24.86%.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company's name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP's product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.

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