Sandy Spring Bank raised its holdings in shares of SAP SE (NYSE:SAP – Free Report) by 50.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 325 shares of the software maker’s stock after purchasing an additional 109 shares during the period. Sandy Spring Bank’s holdings in SAP were worth $41,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Capital International Investors increased its position in SAP by 58.2% during the 1st quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock valued at $524,270,000 after purchasing an additional 1,729,492 shares during the period. Morgan Stanley grew its position in shares of SAP by 9.5% in the 4th quarter. Morgan Stanley now owns 2,750,865 shares of the software maker’s stock worth $283,862,000 after buying an additional 238,039 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of SAP by 43.0% in the 4th quarter. Clearbridge Investments LLC now owns 1,831,492 shares of the software maker’s stock worth $188,992,000 after buying an additional 550,825 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of SAP by 230.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock worth $154,173,000 after buying an additional 969,505 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of SAP by 4.0% in 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. Hedge funds and other institutional investors own 4.95% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on SAP shares. Sanford C. Bernstein lifted their price objective on shares of SAP from $169.00 to $176.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Citigroup upgraded shares of SAP from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 25th. BMO Capital Markets lifted their target price on shares of SAP from $125.00 to $140.00 in a research note on Monday, April 24th. TheStreet cut shares of SAP from a “b” rating to a “c+” rating in a research note on Tuesday, April 25th. Finally, Oppenheimer restated a “market perform” rating on shares of SAP in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.50.
SAP Price Performance
NYSE:SAP opened at $135.81 on Tuesday. The firm has a market cap of $160.20 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 2.20 and a beta of 1.18. The company has a 50 day moving average price of $135.09 and a 200-day moving average price of $127.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.42 and a quick ratio of 1.42. SAP SE has a 1-year low of $78.22 and a 1-year high of $145.10.
SAP Cuts Dividend
The business also recently declared an annual dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 15th were issued a $2.1864 dividend. This represents a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 12th. SAP’s payout ratio is presently 35.08%.
About SAP
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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