Night Owl Capital Management LLC Has $56.06 Million Holdings in SAP SE (NYSE:SAP)

Night Owl Capital Management LLC raised its stake in SAP SE (NYSE:SAP - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,670 shares of the software maker's stock after buying an additional 6,647 shares during the period. SAP comprises about 7.2% of Night Owl Capital Management LLC's investment portfolio, making the stock its 3rd biggest position. Night Owl Capital Management LLC's holdings in SAP were worth $56,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Atomi Financial Group Inc. increased its holdings in shares of SAP by 38.9% in the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock worth $3,074,000 after buying an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its stake in shares of SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock valued at $4,030,000 after purchasing an additional 11,057 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of SAP by 152.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock valued at $101,969,000 after purchasing an additional 249,824 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of SAP by 98.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock valued at $633,000 after purchasing an additional 1,279 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of SAP by 164.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock valued at $660,000 after purchasing an additional 1,667 shares in the last quarter.

SAP Trading Up 0.7%

SAP traded up $2.11 during trading on Friday, hitting $296.46. 1,192,583 shares of the stock traded hands, compared to its average volume of 1,044,605. The firm has a market capitalization of $364.20 billion, a P/E ratio of 103.30, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a 50-day moving average of $272.18 and a 200 day moving average of $262.95. SAP SE has a 12-month low of $179.43 and a 12-month high of $303.40.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping 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 firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. Equities research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

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

Wall Street Analyst Weigh In

SAP has been the subject of a number of research reports. JMP Securities upped 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. BMO Capital Markets upped 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Finally, Argus reaffirmed a "buy" rating and issued a $320.00 price objective on shares of SAP in a research note on Tuesday, April 29th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has an average rating of "Buy" and a consensus price target of $264.00.

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.