Massachusetts Financial Services Co. MA lifted its holdings in shares of SAP SE (NYSE:SAP) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,259 shares of the software maker’s stock after purchasing an additional 1,032 shares during the period. Massachusetts Financial Services Co. MA’s holdings in SAP were worth $10,438,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. We Are One Seven LLC bought a new stake in shares of SAP during the 4th quarter worth $114,000. Icon Wealth Partners LLC bought a new stake in shares of SAP during the 4th quarter worth $149,000. Credit Agricole S A bought a new stake in shares of SAP during the 4th quarter worth $177,000. Avestar Capital LLC bought a new stake in shares of SAP during the 4th quarter worth $196,000. Finally, South Texas Money Management Ltd. bought a new stake in shares of SAP during the 4th quarter worth $200,000. Institutional investors own 10.32% of the company’s stock.
A number of equities research analysts have recently commented on the company. ValuEngine upgraded SAP from a “hold” rating to a “buy” rating in a research note on Tuesday, May 1st. Stifel Nicolaus reiterated a “sell” rating and set a $74.00 target price (down from $80.00) on shares of SAP in a research note on Thursday, March 1st. Royal Bank of Canada reiterated a “neutral” rating on shares of SAP in a research note on Tuesday, March 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $122.00 target price (down from $133.00) on shares of SAP in a research note on Monday, February 12th. Finally, Cleveland Research cut SAP from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. SAP has an average rating of “Buy” and a consensus target price of $110.80.
Shares of SAP opened at $113.24 on Monday. SAP SE has a fifty-two week low of $99.20 and a fifty-two week high of $116.90. The stock has a market capitalization of $139.12 billion, a P/E ratio of 26.40, a PEG ratio of 3.42 and a beta of 1.12. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.25.
SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, April 24th. The software maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.25. SAP had a return on equity of 18.33% and a net margin of 18.00%. The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter last year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. sell-side analysts expect that SAP SE will post 4.59 earnings per share for the current year.
The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 29th. Investors of record on Monday, May 21st will be issued a $1.7271 dividend. The ex-dividend date of this dividend is Friday, May 18th. This represents a yield of 1.6%. This is a positive change from SAP’s previous annual dividend of $1.33.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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