SAP SE (NYSE:SAP) Shares Bought by Capital World Investors

Capital World Investors lifted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 53.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,589 shares of the software maker's stock after purchasing an additional 7,892 shares during the quarter. Capital World Investors' holdings in SAP were worth $5,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Fisher Asset Management LLC grew its holdings in shares of SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock worth $1,260,137,000 after purchasing an additional 403,956 shares during the period. TD Asset Management Inc. boosted its holdings in SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after acquiring an additional 890,157 shares during the period. JPMorgan Chase & Co. boosted its holdings in SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after acquiring an additional 798,037 shares during the period. Envestnet Asset Management Inc. boosted its holdings in SAP by 30.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,172,103 shares of the software maker's stock valued at $288,583,000 after acquiring an additional 273,417 shares during the period. Finally, WCM Investment Management LLC purchased a new position in SAP during the 4th quarter valued at about $290,023,000.

SAP Stock Up 1.8 %

Shares of SAP traded up $4.90 during midday trading on Friday, hitting $278.45. The company had a trading volume of 1,849,940 shares, compared to its average volume of 996,111. The company's 50-day simple moving average is $267.83 and its 200-day simple moving average is $257.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market capitalization of $342.08 billion, a P/E ratio of 97.02, a P/E/G ratio of 4.71 and a beta of 1.28. SAP SE has a 1 year low of $179.15 and a 1 year high of $293.70.

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

SAP Increases Dividend

The firm 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 dividend of $2.5423 per share. This represents a dividend yield of 0.8%. 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. SAP's dividend payout ratio (DPR) is 35.25%.

Analyst Ratings Changes

A number of brokerages recently commented on SAP. Royal Bank of Canada restated an "outperform" rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and raised their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Barclays restated an "overweight" rating and set a $308.00 target price (up from $286.00) on shares of SAP in a report on Thursday. Finally, JMP Securities raised their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has an average rating of "Buy" and an average target price 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.