SAP SE (NYSE:SAP) Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd decreased its position in shares of SAP SE (NYSE:SAPFree Report) by 9.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 159,578 shares of the software maker’s stock after selling 17,306 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in SAP were worth $24,669,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Private Advisor Group LLC grew its stake in SAP by 2.9% during the 3rd quarter. Private Advisor Group LLC now owns 3,779 shares of the software maker’s stock worth $489,000 after buying an additional 107 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in SAP by 199.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 20,920 shares of the software maker’s stock worth $2,705,000 after buying an additional 13,932 shares during the last quarter. NBC Securities Inc. purchased a new position in SAP during the 3rd quarter worth approximately $492,000. Ieq Capital LLC grew its stake in shares of SAP by 9.5% in the 3rd quarter. Ieq Capital LLC now owns 3,380 shares of the software maker’s stock valued at $437,000 after purchasing an additional 292 shares during the last quarter. Finally, Lincoln National Corp grew its stake in shares of SAP by 17.8% in the 3rd quarter. Lincoln National Corp now owns 2,578 shares of the software maker’s stock valued at $333,000 after purchasing an additional 389 shares during the last quarter.

SAP Trading Up 0.2 %

Shares of SAP traded up $0.36 during mid-day trading on Monday, reaching $195.38. The company’s stock had a trading volume of 651,700 shares, compared to its average volume of 748,399. The business has a fifty day moving average of $188.70 and a 200 day moving average of $174.11. SAP SE has a 1 year low of $126.75 and a 1 year high of $199.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.25.

SAP (NYSE:SAPGet Free Report) last posted its earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.06). SAP had a return on equity of 9.79% and a net margin of 15.76%. The company had revenue of $8.73 billion during the quarter, compared to analyst estimates of $8.73 billion. Sell-side analysts predict that SAP SE will post 4.56 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be issued a $2.3852 dividend. This is an increase from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. The ex-dividend date is Thursday, May 16th. SAP’s dividend payout ratio is 37.53%.

Analysts Set New Price Targets

Several research analysts have weighed in on SAP shares. BMO Capital Markets lifted their target price on SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Sanford C. Bernstein began coverage on SAP in a research note on Thursday. They issued an “outperform” rating and a $227.00 price target on the stock. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, JMP Securities lifted their price objective on SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $216.40.

Read Our Latest Stock Analysis on SAP

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.

Further Reading

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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