Rhumbline Advisers Increases Position in SAP SE (NYSE:SAP)

Rhumbline Advisers boosted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,087 shares of the software maker's stock after purchasing an additional 1,216 shares during the period. Rhumbline Advisers' holdings in SAP were worth $6,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after buying an additional 1,255 shares during the last quarter. Apollon Wealth Management LLC lifted its position in SAP by 3.9% during the fourth quarter. Apollon Wealth Management LLC now owns 3,505 shares of the software maker's stock valued at $863,000 after purchasing an additional 130 shares in the last quarter. Portfolio Design Labs LLC purchased a new stake in SAP in the fourth quarter worth about $328,000. Certuity LLC raised its stake in shares of SAP by 13.6% in the fourth quarter. Certuity LLC now owns 1,820 shares of the software maker's stock worth $448,000 after buying an additional 218 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of SAP by 127.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,155 shares of the software maker's stock valued at $13,166,000 after acquiring an additional 30,361 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Wells Fargo & Company began coverage on SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Barclays reissued an "overweight" rating and set a $308.00 target price (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. UBS Group upgraded SAP to a "strong-buy" rating in a research note on Friday, May 30th. Finally, Argus reaffirmed a "buy" rating and set a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $271.83.

SAP Trading Up 0.9%

SAP traded up $2.57 during trading hours on Thursday, reaching $301.78. 884,261 shares of the company's stock traded hands, compared to its average volume of 1,062,609. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $284.38 and a 200 day moving average price of $271.37. SAP SE has a 52-week low of $186.50 and a 52-week high of $311.40. The firm has a market capitalization of $370.74 billion, a PE ratio of 105.15, a PEG ratio of 4.71 and a beta of 1.32.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. As a group, sell-side analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

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

About SAP

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.