US Bancorp DE Sells 27,656 Shares of SAP SE $SAP

Key Points

• US Bancorp DE trimmed its SAP stake by 20.3% in Q4, selling 27,656 shares and finishing the period with 108,505 shares valued at about $26.36 million.
• Wall Street ratings show a consensus of Moderate Buy for SAP with a $288 price target, based on 2 Strong Buy, 12 Buy and 7 Hold analyst ratings.
• SAP raised its annual dividend to $2.9291 per share (up from $2.54), payable May 15 to shareholders of record on May 5.

US Bancorp DE trimmed its position in SAP SE (NYSE:SAP - Free Report) by 20.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,505 shares of the software maker's stock after selling 27,656 shares during the period. US Bancorp DE's holdings in SAP were worth $26,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in SAP by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker's stock valued at $3,887,727,000 after buying an additional 392,010 shares in the last quarter. Bank of America Corp DE increased its position in SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker's stock valued at $805,992,000 after buying an additional 973,779 shares in the last quarter. Windacre Partnership LLC increased its position in SAP by 130.9% in the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker's stock valued at $629,874,000 after buying an additional 1,336,325 shares in the last quarter. Northern Trust Corp increased its position in SAP by 3.2% in the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker's stock valued at $417,113,000 after buying an additional 49,111 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in SAP by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,408 shares of the software maker's stock valued at $296,828,000 after buying an additional 30,806 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of SAP in a research report on Tuesday, March 24th. Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a research report on Saturday. Weiss Ratings lowered SAP from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, March 16th. TD Cowen reissued a "buy" rating on shares of SAP in a report on Thursday, April 16th. Finally, Zacks Research lowered SAP from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, SAP presently has a consensus rating of "Moderate Buy" and a consensus price target of $288.00.

SAP Stock Performance

SAP stock opened at $170.80 on Friday. The firm has a market cap of $209.82 billion, a PE ratio of 23.08, a P/E/G ratio of 1.90 and a beta of 1.11. 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 business has a 50 day moving average of $180.99 and a 200-day moving average of $219.88. SAP SE has a 12-month low of $160.66 and a 12-month high of $313.28.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The company had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. As a group, sell-side analysts expect that SAP SE will post 8.37 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 15th. Stockholders of record on Tuesday, May 5th will be issued a $2.9291 dividend. This is a boost from SAP's previous annual dividend of $2.54. This represents a dividend yield of 175.0%. The ex-dividend date of this dividend is Tuesday, May 5th. SAP's dividend payout ratio is currently 24.86%.

SAP Company Profile

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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