Kayne Anderson Rudnick Investment Management LLC Has $7.33 Million Position in SAP SE (NYSE:SAP)

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in SAP SE (NYSE:SAP - Free Report) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,787 shares of the software maker's stock after selling 1,429 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in SAP were worth $7,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SAP. WCM Investment Management LLC bought a new position in SAP in the fourth quarter worth $290,023,000. TD Asset Management Inc. lifted its position 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 worth $394,563,000 after purchasing an additional 890,157 shares during the period. JPMorgan Chase & Co. lifted its position in SAP by 145.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares during the period. Wellington Management Group LLP bought a new position in SAP in the fourth quarter worth $163,630,000. Finally, Raymond James Financial Inc. bought a new position in SAP in the fourth quarter worth $150,668,000.

SAP Price Performance

Shares of SAP traded up $4.90 during mid-day trading on Friday, hitting $278.45. 1,849,940 shares of the company traded hands, compared to its average volume of 996,111. SAP SE has a one year low of $179.15 and a one year high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average of $267.83 and a 200 day moving average of $257.01. The stock has a market capitalization of $342.08 billion, a price-to-earnings ratio of 97.02, a PEG ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. As a group, equities analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. This is a boost from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's dividend payout ratio is 35.25%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets lifted their price objective on SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and boosted their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities upped their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $254.67.

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.