Rockefeller Capital Management L.P. Acquires 3,308 Shares of SAP SE $SAP

Rockefeller Capital Management L.P. grew its holdings in SAP SE (NYSE:SAP) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,171 shares of the software maker’s stock after purchasing an additional 3,308 shares during the period. Rockefeller Capital Management L.P.’s holdings in SAP were worth $5,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC increased its holdings in SAP by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock worth $3,577,793,000 after purchasing an additional 179,550 shares during the period. Bank of America Corp DE raised its holdings in SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Windacre Partnership LLC raised its stake 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 worth $629,874,000 after acquiring an additional 1,336,325 shares in the last quarter. Northern Trust Corp boosted its stake in SAP by 3.2% in the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after acquiring an additional 49,111 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in SAP by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock valued at $291,498,000 after buying an additional 83,349 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAP. Zacks Research downgraded shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Piper Sandler cut SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. BMO Capital Markets reduced 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, Barclays raised their price objective on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, April 27th. One 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 company’s stock. According to MarketBeat.com, SAP has an average rating of “Moderate Buy” and a consensus target price of $283.40.

SAP Price Performance

Shares of SAP opened at $155.24 on Friday. SAP SE has a 1-year low of $148.06 and a 1-year high of $313.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50-day simple moving average of $171.33 and a two-hundred day simple moving average of $196.55. The stock has a market cap of $190.71 billion, a PE ratio of 20.98, a P/E/G ratio of 1.68 and a beta of 1.12.

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

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were given a dividend of $2.9291 per share. This is a boost from SAP’s previous annual dividend of $2.54. This represents a dividend yield of 170.0%. 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.