JARISLOWSKY FRASER Ltd trimmed its position in shares of SAP SE (NYSE:SAP - Free Report) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,620 shares of the software maker's stock after selling 2,416 shares during the period. JARISLOWSKY FRASER Ltd's holdings in SAP were worth $30,929,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC bought a new position in SAP in the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA bought a new position in SAP in the 4th quarter worth about $27,000. Rakuten Securities Inc. grew its stake in SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after acquiring an additional 108 shares in the last quarter. Albion Financial Group UT grew its stake in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after acquiring an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in SAP in the 4th quarter worth about $42,000.
Analysts Set New Price Targets
SAP has been the topic of a number of recent research reports. Barclays reiterated an "overweight" rating and set a $308.00 price objective (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and increased their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets increased their price objective on shares of SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $264.00.
View Our Latest Research Report on SAP
SAP Stock Down 0.6%
NYSE:SAP traded down $1.78 during midday trading on Wednesday, reaching $287.95. 1,221,845 shares of the stock traded hands, compared to its average volume of 1,041,038. SAP SE has a 12-month low of $179.43 and a 12-month high of $303.40. The business has a 50-day moving average of $270.79 and a two-hundred day moving average of $262.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The stock has a market capitalization of $353.75 billion, a PE ratio of 100.33, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35.
SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.
SAP Increases Dividend
The company also recently declared an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is currently 35.25%.
About SAP
(
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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