SAP SE (NYSE:SAP) Shares Acquired by Promethos Capital LLC

Promethos Capital LLC boosted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,357 shares of the software maker's stock after buying an additional 3,708 shares during the quarter. SAP accounts for 10.2% of Promethos Capital LLC's investment portfolio, making the stock its largest position. Promethos Capital LLC's holdings in SAP were worth $29,141,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Centricity Wealth Management LLC acquired a new position in SAP during the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the fourth quarter worth $27,000. Rakuten Securities Inc. grew its stake in shares of SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after purchasing an additional 108 shares in the last quarter. Albion Financial Group UT increased its holdings in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after buying an additional 71 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in SAP during the 4th quarter worth about $42,000.

SAP Price Performance

SAP stock traded down $3.46 during midday trading on Friday, reaching $257.02. The company's stock had a trading volume of 1,503,694 shares, compared to its average volume of 979,736. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The firm has a market capitalization of $315.75 billion, a PE ratio of 89.55, a P/E/G ratio of 4.71 and a beta of 1.28. The stock's 50 day simple moving average is $270.47 and its 200 day simple moving average is $255.11.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The firm also recently declared 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. 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 dividend yield of 0.8%. SAP's dividend payout ratio is currently 64.11%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. JMP Securities lifted 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. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and raised their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Finally, BMO Capital Markets reduced their price target on shares of SAP from $307.00 to $300.00 and set an "outperform" rating for the company in a research report on Wednesday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP presently has a consensus rating of "Buy" and a consensus price target of $247.67.

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.