Householder Group Estate & Retirement Specialist LLC acquired a new stake in SAP SE (NYSE:SAP – Get Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 389 shares of the software maker’s stock, valued at approximately $49,000.
Several other institutional investors have also modified their holdings of the company. Capital International Investors raised its stake in SAP by 58.2% in the first quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock valued at $524,270,000 after buying an additional 1,729,492 shares in the last quarter. Morgan Stanley boosted its holdings in SAP by 9.5% in the fourth quarter. Morgan Stanley now owns 2,750,865 shares of the software maker’s stock valued at $283,862,000 after purchasing an additional 238,039 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in SAP by 43.0% in the fourth quarter. Clearbridge Investments LLC now owns 1,831,492 shares of the software maker’s stock valued at $188,992,000 after purchasing an additional 550,825 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in SAP by 230.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock valued at $154,173,000 after purchasing an additional 969,505 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of SAP by 4.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,359,398 shares of the software maker’s stock worth $123,325,000 after buying an additional 52,207 shares during the last quarter. 4.95% of the stock is owned by hedge funds and other institutional investors.
SAP Trading Down 0.8 %
Shares of SAP stock opened at $132.40 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.21. The stock has a market cap of $156.18 billion, a PE ratio of 73.97, a price-to-earnings-growth ratio of 2.18 and a beta of 1.19. SAP SE has a 12-month low of $78.22 and a 12-month high of $139.25. The company has a 50-day moving average of $133.12 and a two-hundred day moving average of $122.19.
SAP Cuts Dividend
The company also recently disclosed an annual dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 15th were paid a dividend of $2.1864 per share. This represents a dividend yield of 1.3%. The ex-dividend date was Friday, May 12th. SAP’s payout ratio is 89.94%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. StockNews.com started coverage on shares of SAP in a research note on Thursday, May 18th. They issued a “strong-buy” rating for the company. BMO Capital Markets raised their price objective on shares of SAP from $125.00 to $140.00 in a research report on Monday, April 24th. Barclays upped their target price on shares of SAP from $134.00 to $136.00 in a report on Monday, April 24th. Citigroup raised SAP from a “neutral” rating to a “buy” rating in a report on Tuesday, April 25th. Finally, Sanford C. Bernstein increased their price objective on SAP from $154.00 to $169.00 in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average price target of $126.20.
SAP Company Profile
SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
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