Riverbridge Partners LLC Boosts Stake in SAP SE $SAP

Riverbridge Partners LLC raised its position in SAP SE (NYSE:SAP) by 3.3% during the first quarter, Holdings Channel reports. The firm owned 138,939 shares of the software maker’s stock after buying an additional 4,448 shares during the quarter. Riverbridge Partners LLC’s holdings in SAP were worth $23,788,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Dara Capital US Inc. acquired a new position in SAP in the 4th quarter valued at about $3,342,000. CIBC Bancorp USA Inc. acquired a new stake in shares of SAP during the third quarter worth about $32,760,000. Dash Acquisitions Inc. boosted its stake in shares of SAP by 8.7% in the fourth quarter. Dash Acquisitions Inc. now owns 78,880 shares of the software maker’s stock valued at $19,161,000 after purchasing an additional 6,315 shares during the period. Natixis Advisors LLC grew its holdings in shares of SAP by 2.3% in the third quarter. Natixis Advisors LLC now owns 415,087 shares of the software maker’s stock valued at $110,915,000 after purchasing an additional 9,195 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of SAP by 2.8% in the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock valued at $3,887,727,000 after purchasing an additional 392,010 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings cut shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Barclays increased their price objective on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. BMO Capital Markets lowered their target price on SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Finally, Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $283.40.

SAP Stock Up 2.7%

Shares of SAP stock opened at $153.56 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. SAP SE has a 52-week low of $149.19 and a 52-week high of $313.28. The company has a market capitalization of $188.65 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.68 and a beta of 1.12. The company has a 50 day moving average of $172.41 and a 200 day moving average of $198.19.

SAP (NYSE:SAP) last announced its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The company had revenue of $11.06 billion for the quarter. As a group, research analysts forecast that SAP SE will post 8.36 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a $2.9291 dividend. This represents a yield of 170.0%. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s dividend payout ratio is currently 28.78%.

SAP Company 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.