MML Investors Services LLC increased its holdings in SAP SE (NYSE:SAP - Free Report) by 27.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,096 shares of the software maker's stock after buying an additional 12,808 shares during the quarter. MML Investors Services LLC's holdings in SAP were worth $14,550,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the business. Capital International Inc. CA lifted its stake in shares of SAP by 33.8% in the 4th quarter. Capital International Inc. CA now owns 99,159 shares of the software maker's stock worth $24,414,000 after acquiring an additional 25,036 shares during the period. Capital World Investors lifted its position in SAP by 53.7% in the fourth quarter. Capital World Investors now owns 22,589 shares of the software maker's stock worth $5,621,000 after purchasing an additional 7,892 shares during the period. Dimensional Fund Advisors LP boosted its stake in SAP by 13.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 57,264 shares of the software maker's stock valued at $14,099,000 after purchasing an additional 6,704 shares in the last quarter. First Trust Advisors LP increased its position in shares of SAP by 21.7% during the 4th quarter. First Trust Advisors LP now owns 297,372 shares of the software maker's stock valued at $73,216,000 after purchasing an additional 53,022 shares during the period. Finally, Forum Financial Management LP raised its stake in shares of SAP by 16.3% in the 4th quarter. Forum Financial Management LP now owns 17,674 shares of the software maker's stock worth $4,352,000 after buying an additional 2,482 shares in the last quarter.
SAP Stock Up 2.1 %
Shares of SAP stock traded up $5.77 during midday trading on Monday, hitting $283.72. The company's stock had a trading volume of 515,925 shares, compared to its average volume of 994,336. SAP SE has a 1-year low of $179.15 and a 1-year high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $348.55 billion, a P/E ratio of 98.80, a PEG ratio of 4.71 and a beta of 1.28. The stock has a 50-day simple moving average of $267.83 and a 200-day simple moving average of $257.01.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current year.
SAP Increases Dividend
The business also recently announced an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a $2.5423 dividend. This is an increase from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a yield of 0.8%. SAP's dividend payout ratio is presently 35.25%.
Analyst Ratings Changes
Several brokerages have commented on SAP. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and boosted their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays reissued an "overweight" rating and set a $308.00 target price (up from $286.00) on shares of SAP in a research note on Thursday. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, JMP Securities boosted their target price on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, SAP currently has an average rating of "Buy" and a consensus price target of $254.67.
Read Our Latest Research 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.
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