Lazard Asset Management LLC increased its stake in shares of SAP SE (NYSE:SAP) by 18.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 367,505 shares of the software maker’s stock after buying an additional 58,530 shares during the period. Lazard Asset Management LLC’s holdings in SAP SE were worth $36,077,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in SAP. Abbrea Capital LLC raised its position in shares of SAP SE by 17.0% in the first quarter. Abbrea Capital LLC now owns 7,760 shares of the software maker’s stock valued at $762,000 after buying an additional 1,125 shares in the last quarter. Strategic Global Advisors LLC raised its position in shares of SAP SE by 6.5% in the first quarter. Strategic Global Advisors LLC now owns 3,456 shares of the software maker’s stock valued at $339,000 after buying an additional 212 shares in the last quarter. First Republic Investment Management Inc. raised its position in shares of SAP SE by 6.9% in the fourth quarter. First Republic Investment Management Inc. now owns 32,715 shares of the software maker’s stock valued at $2,828,000 after buying an additional 2,109 shares in the last quarter. Stephens Inc. AR purchased a new position in shares of SAP SE during the first quarter valued at approximately $384,000. Finally, Lincluden Management Ltd. raised its position in shares of SAP SE by 12.7% in the fourth quarter. Lincluden Management Ltd. now owns 105,123 shares of the software maker’s stock valued at $9,086,000 after buying an additional 11,840 shares in the last quarter. 3.73% of the stock is owned by institutional investors and hedge funds.
SAP SE (SAP) traded up 0.78% during midday trading on Monday, hitting $106.62. The company’s stock had a trading volume of 456,873 shares. The company’s 50-day moving average is $104.83 and its 200 day moving average is $95.25. SAP SE has a one year low of $71.39 and a one year high of $108.72. The company has a market cap of $127.84 billion, a price-to-earnings ratio of 32.05 and a beta of 1.11.
The business also recently disclosed an annual dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 15th were paid a dividend of $1.3312 per share. This represents a yield of 1.37%. The ex-dividend date was Thursday, May 11th. SAP SE’s dividend payout ratio is presently 30.06%.
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Several equities analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $115.00 price target (up previously from $107.00) on shares of SAP SE in a research report on Friday, June 9th. CIBC lifted their price target on SAP SE from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 12th. Stifel Nicolaus lowered SAP SE from a “hold” rating to a “sell” rating and set a $102.13 price target for the company. in a research report on Wednesday, April 26th. BMO Capital Markets lowered their price target on SAP SE from $105.00 to $95.00 and set a “market perform” rating for the company in a research report on Wednesday, April 26th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $110.00 price target (up previously from $105.00) on shares of SAP SE in a research report on Saturday, April 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $96.01.
About SAP SE
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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