Havemeyer Place LP Acquires New Position in SAP SE $SAP

Havemeyer Place LP acquired a new stake in SAP SE (NYSE:SAP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,714 shares of the software maker’s stock, valued at approximately $2,360,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Windacre Partnership LLC lifted its position in shares of SAP by 130.9% during the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after acquiring an additional 1,336,325 shares during the period. Bank of America Corp DE lifted its position in shares of SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after acquiring an additional 973,779 shares during the period. Sustainable Growth Advisers LP lifted its position in shares of SAP by 1,126.3% during the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock valued at $225,102,000 after acquiring an additional 773,720 shares during the period. M&T Bank Corp lifted its position in shares of SAP by 1,582.7% during the 4th quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock valued at $198,529,000 after acquiring an additional 768,725 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of SAP by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock valued at $3,887,727,000 after acquiring an additional 392,010 shares during the period.

SAP Stock Down 1.2%

Shares of SAP stock opened at $184.89 on Friday. The company has a fifty day moving average price of $173.63 and a 200 day moving average price of $204.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. SAP SE has a twelve month low of $158.58 and a twelve month high of $313.28. The stock has a market cap of $227.14 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12.

SAP (NYSE:SAP) last announced its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The firm had revenue of $11.06 billion during the quarter. Equities research analysts forecast that SAP SE will post 8.39 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a dividend of $2.9291 per share. This is a positive change from SAP’s previous annual dividend of $2.54. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a yield of 170.0%. SAP’s dividend payout ratio is currently 28.92%.

Analysts Set New Price Targets

SAP has been the subject of a number of research reports. Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. BMO Capital Markets reduced their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Finally, Zacks Research downgraded shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $288.00.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.