Toronto Dominion Bank Grows Stock Holdings in SAP SE (NYSE:SAP)

Toronto Dominion Bank increased its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 149.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,758 shares of the software maker's stock after acquiring an additional 1,052 shares during the quarter. Toronto Dominion Bank's holdings in SAP were worth $432,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SAP. Brighton Jones LLC raised its position in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock worth $648,000 after acquiring an additional 1,255 shares in the last quarter. Independence Bank of Kentucky acquired a new position in shares of SAP during the fourth quarter worth approximately $111,000. SYM FINANCIAL Corp bought a new stake in SAP during the fourth quarter worth approximately $318,000. Journey Strategic Wealth LLC lifted its position in shares of SAP by 25.7% during the 4th quarter. Journey Strategic Wealth LLC now owns 1,232 shares of the software maker's stock valued at $303,000 after acquiring an additional 252 shares during the last quarter. Finally, Golden State Equity Partners raised its position in SAP by 2,664.7% during the fourth quarter. Golden State Equity Partners now owns 2,350 shares of the software maker's stock valued at $579,000 after buying an additional 2,265 shares during the period.

Wall Street Analyst Weigh In

SAP has been the subject of several recent analyst reports. Wells Fargo & Company initiated coverage on SAP in a research note on Tuesday, May 20th. They set an "overweight" rating for the company. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. Argus reiterated a "buy" rating and issued a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Barclays reaffirmed an "overweight" rating and set a $308.00 target price (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Finally, UBS Group upgraded SAP to a "strong-buy" rating in a research note on Friday. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $271.83.

SAP Trading Up 0.7%

NYSE SAP traded up $2.20 on Tuesday, reaching $306.86. 1,256,298 shares of the company were exchanged, compared to its average volume of 1,055,483. SAP SE has a fifty-two week low of $181.84 and a fifty-two week high of $308.07. The stock has a market capitalization of $376.98 billion, a P/E ratio of 106.92, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The business's fifty day moving average price is $278.72 and its 200 day moving average price is $268.37. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.35 billion for 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%. Analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a dividend of $2.5423 per share. This is a positive change from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 13th. SAP's payout ratio is presently 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.