Portside Wealth Group LLC reduced its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,370 shares of the software maker's stock after selling 1,366 shares during the quarter. Portside Wealth Group LLC's holdings in SAP were worth $1,710,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after purchasing an additional 1,302,061 shares in the last quarter. WCM Investment Management LLC acquired a new position in shares of SAP during the fourth quarter worth $290,023,000. TD Asset Management Inc. lifted its position in shares of SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after purchasing an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of SAP by 145.5% during the fourth 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 in the last quarter. Finally, Northern Trust Corp raised its holdings in SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after acquiring an additional 701,880 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on SAP shares. UBS Group raised shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. Barclays reaffirmed an "overweight" rating and issued a $308.00 price target (up from $286.00) on shares of SAP in a report on Thursday, April 24th. BMO Capital Markets upped their price target on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Argus reissued a "buy" rating and set a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Finally, JMP Securities reissued a "market outperform" rating and set a $330.00 target price on shares of SAP in a report on Friday, May 23rd. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $271.83.
Check Out Our Latest Stock Report on SAP
SAP Stock Performance
Shares of SAP stock traded up $2.57 during trading on Thursday, hitting $301.78. 884,261 shares of the stock were exchanged, compared to its average volume of 1,063,655. The stock's fifty day moving average is $284.38 and its 200 day moving average is $271.37. The stock has a market cap of $370.74 billion, a PE ratio of 105.15, a P/E/G 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 SE has a 12 month low of $186.50 and a 12 month high of $311.40.
SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current year.
SAP Increases Dividend
The company also recently declared an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were given a dividend of $2.5423 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio is currently 35.25%.
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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