SAP SE (NYSE:SAP) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE boosted its position in shares of SAP SE (NYSE:SAP - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,314,814 shares of the software maker's stock after buying an additional 70,613 shares during the quarter. Bank of America Corp DE owned approximately 0.11% of SAP worth $323,720,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Benjamin Edwards Inc. grew its stake in shares of SAP by 20.5% in the 4th quarter. Benjamin Edwards Inc. now owns 10,771 shares of the software maker's stock worth $2,652,000 after buying an additional 1,831 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of SAP by 6,165.7% in the fourth quarter. BNP Paribas Financial Markets now owns 357,460 shares of the software maker's stock worth $88,010,000 after acquiring an additional 351,755 shares during the period. Aptus Capital Advisors LLC increased its holdings in SAP by 874.1% during the fourth quarter. Aptus Capital Advisors LLC now owns 8,777 shares of the software maker's stock valued at $2,161,000 after buying an additional 7,876 shares during the last quarter. Alaethes Wealth LLC increased its stake in shares of SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after purchasing an additional 39 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC purchased a new position in shares of SAP during the 4th quarter valued at about $260,000.

SAP Stock Performance

Shares of SAP stock traded down $1.55 during trading on Monday, hitting $292.42. 863,675 shares of the company's stock were exchanged, compared to its average volume of 1,031,949. SAP SE has a 52-week low of $179.43 and a 52-week high of $303.40. 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 stock has a market capitalization of $359.24 billion, a price-to-earnings ratio of 101.95, a PEG ratio of 4.71 and a beta of 1.35. The business has a 50-day simple moving average of $270.23 and a 200-day simple moving average of $261.44.

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 return on equity of 12.18% and a net margin of 9.17%. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. On average, research analysts forecast that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. This represents a yield of 0.8%. The ex-dividend date 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 currently 35.25%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JMP Securities increased 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. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Barclays reaffirmed an "overweight" rating and set a $308.00 target price (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and upped their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Nine analysts have rated the stock with a buy rating, According to MarketBeat, SAP currently has a consensus rating of "Buy" and a consensus price target of $264.00.

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.