Value Partners Investments Inc. boosted its position in SAP SE (NYSE:SAP - Free Report) by 1,174.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 39,528 shares of the software maker's stock after purchasing an additional 36,427 shares during the period. SAP comprises 0.9% of Value Partners Investments Inc.'s investment portfolio, making the stock its 21st biggest position. Value Partners Investments Inc.'s holdings in SAP were worth $10,623,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Principal Street Partners LLC grew its position in SAP by 1.0% in the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock worth $908,000 after purchasing an additional 35 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after purchasing an additional 38 shares in the last quarter. Alaethes Wealth LLC grew its position in SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after purchasing an additional 39 shares in the last quarter. D Orazio & Associates Inc. grew its position in SAP by 3.1% in the 1st quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock worth $367,000 after purchasing an additional 41 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in SAP by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after purchasing an additional 43 shares in the last quarter.
SAP Stock Performance
Shares of SAP stock opened at $293.27 on Thursday. The stock has a market capitalization of $360.28 billion, a P/E ratio of 56.18, a PEG ratio of 4.24 and a beta of 1.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The firm's 50 day moving average is $292.29 and its 200 day moving average is $274.91. SAP SE has a 12 month low of $194.93 and a 12 month high of $311.40.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. On average, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.
SAP Increases Dividend
The company also recently announced an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a dividend of $2.5423 per share. This represents a yield of 0.8%. The ex-dividend date was Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio is 35.25%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on SAP. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. JMP Securities reiterated a "market outperform" rating and issued a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. BMO Capital Markets boosted their target price on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Argus reiterated a "buy" rating and issued a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. Finally, Barclays reiterated an "overweight" rating and issued a $308.00 target price (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, SAP currently has an average rating of "Buy" and a consensus target price of $271.83.
Read Our Latest Stock Report on SAP
SAP Company 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.
Further Reading
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