The Manufacturers Life Insurance Company decreased its position in shares of SAP SE (NYSE:SAP - Free Report) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,081 shares of the software maker's stock after selling 70,013 shares during the quarter. The Manufacturers Life Insurance Company's holdings in SAP were worth $55,417,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Coldstream Capital Management Inc. boosted its position in shares of SAP by 49.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,463 shares of the software maker's stock valued at $1,345,000 after purchasing an additional 1,817 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of SAP by 64.9% during the 4th quarter. Integrated Wealth Concepts LLC now owns 3,693 shares of the software maker's stock worth $909,000 after buying an additional 1,454 shares in the last quarter. MGO One Seven LLC grew its position in shares of SAP by 67.5% during the 4th quarter. MGO One Seven LLC now owns 5,335 shares of the software maker's stock worth $1,314,000 after buying an additional 2,150 shares during the period. Stifel Financial Corp increased its stake in shares of SAP by 5.2% in the 4th quarter. Stifel Financial Corp now owns 221,849 shares of the software maker's stock valued at $54,621,000 after acquiring an additional 11,045 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in shares of SAP by 163.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 11,024 shares of the software maker's stock valued at $2,713,000 after acquiring an additional 6,846 shares during the period.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on SAP shares. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Argus reaffirmed a "buy" rating and issued a $320.00 price objective on shares of SAP in a research note on Tuesday. Barclays reissued an "overweight" rating and set a $308.00 target price (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and raised their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $264.00.
Read Our Latest Stock Report on SAP
SAP Trading Up 4.5 %
NYSE SAP traded up $12.86 during trading on Friday, hitting $301.79. 2,751,645 shares of the company's stock traded hands, compared to its average volume of 1,021,893. The stock has a fifty day moving average of $268.42 and a two-hundred day moving average of $258.99. SAP SE has a 12-month low of $179.43 and a 12-month high of $302.68. The firm has a market cap of $370.75 billion, a P/E ratio of 105.15, a PEG ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.
SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations 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 company 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. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio is currently 35.25%.
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.
Featured Articles
Before you consider SAP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SAP wasn't on the list.
While SAP currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
