SAP SE (NYSE:SAP) Shares Purchased by LMR Partners LLP

LMR Partners LLP grew its holdings in SAP SE (NYSE:SAP - Free Report) by 133.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,000 shares of the software maker's stock after buying an additional 40,000 shares during the quarter. LMR Partners LLP's holdings in SAP were worth $17,235,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Interval Partners LP acquired a new stake in shares of SAP during the 4th quarter valued at approximately $1,569,000. Junto Capital Management LP purchased a new stake in SAP during the fourth quarter worth $21,552,000. Focus Partners Wealth boosted its position in SAP by 4.6% during the fourth quarter. Focus Partners Wealth now owns 25,987 shares of the software maker's stock worth $6,411,000 after purchasing an additional 1,142 shares in the last quarter. Fiduciary Trust Co grew its holdings in SAP by 44.5% in the fourth quarter. Fiduciary Trust Co now owns 1,607 shares of the software maker's stock valued at $396,000 after purchasing an additional 495 shares during the last quarter. Finally, Circle Wealth Management LLC increased its position in shares of SAP by 4.5% in the fourth quarter. Circle Wealth Management LLC now owns 2,654 shares of the software maker's stock valued at $653,000 after buying an additional 115 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays reiterated an "overweight" rating and issued a $308.00 price objective (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Finally, Argus reissued a "buy" rating and set a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $264.00.

SAP Trading Up 0.7%

Shares of SAP stock traded up $2.11 during trading hours on Friday, hitting $296.46. 1,087,266 shares of the company were exchanged, compared to its average volume of 1,043,728. The firm has a fifty day moving average of $271.46 and a 200 day moving average of $262.58. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a 1 year low of $179.43 and a 1 year high of $303.40. The firm has a market cap of $364.20 billion, a PE ratio of 103.30, a PEG ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results 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. SAP had a net margin of 9.17% and a return on equity of 12.18%. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. Analysts expect that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. 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. This represents a yield of 0.8%. SAP's dividend payout ratio is currently 35.25%.

SAP Company 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.