Snowden Capital Advisors LLC lifted its position in SAP SE (NYSE:SAP - Free Report) by 185.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,311 shares of the software maker's stock after buying an additional 6,695 shares during the period. Snowden Capital Advisors LLC's holdings in SAP were worth $2,539,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC lifted its position in shares of SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock valued at $1,260,137,000 after acquiring an additional 403,956 shares in the last quarter. TD Asset Management Inc. boosted its holdings in SAP by 125.0% in 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 in the last quarter. Northern Trust Corp raised its stake in SAP by 91.2% during the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after acquiring an additional 701,880 shares in the last quarter. JPMorgan Chase & Co. increased its position in 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 buying an additional 798,037 shares during the period. Finally, Bank of America Corp DE boosted its stake in 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 worth $323,720,000 after purchasing an additional 70,613 shares during the period.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on SAP. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Wells Fargo & Company started coverage on SAP in a research report on Tuesday. They set an "overweight" rating on the stock. Argus restated a "buy" rating and issued a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. Royal Bank of Canada restated an "outperform" rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Finally, Barclays restated an "overweight" rating and set a $308.00 price objective (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has an average rating of "Buy" and a consensus price target of $265.43.
View Our Latest Report on SAP
SAP Stock Performance
SAP stock traded down $4.88 on Friday, hitting $294.97. The company's stock had a trading volume of 731,364 shares, compared to its average volume of 1,049,584. 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 market cap of $362.37 billion, a P/E ratio of 102.63, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. SAP SE has a one year low of $179.43 and a one year high of $306.14. The company has a fifty day moving average price of $275.05 and a 200-day moving average price of $264.74.
SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.
SAP Increases Dividend
The firm also recently announced an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be issued a dividend of $2.5423 per share. This is a boost from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a yield of 0.8%. SAP's dividend payout ratio is presently 35.25%.
SAP Profile
(
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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