SAP SE $SAP Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its position in SAP SE (NYSE:SAP) by 38.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,644 shares of the software maker’s stock after selling 5,294 shares during the period. Keybank National Association OH’s holdings in SAP were worth $2,100,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC raised its position 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 buying an additional 392,010 shares during the last quarter. Bank of America Corp DE grew 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 valued at $805,992,000 after purchasing an additional 973,779 shares during the period. Windacre Partnership LLC grew its holdings in SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after purchasing an additional 1,336,325 shares during the period. Northern Trust Corp grew its holdings 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 purchasing an additional 49,111 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in SAP by 2.8% in the third quarter. Ameriprise Financial Inc. now owns 1,120,408 shares of the software maker’s stock valued at $296,828,000 after purchasing an additional 30,806 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SAP shares. Barclays boosted their target price on shares of SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a report on Monday. Citizens Jmp downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Citigroup downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, January 30th. TD Cowen restated a “buy” rating on shares of SAP in a report on Thursday, April 16th. Finally, BMO Capital Markets lowered their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Two equities research analysts have 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, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

SAP Price Performance

Shares of SAP stock opened at $170.80 on Friday. The company has a market capitalization of $209.82 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.90 and a beta of 1.11. The firm has a fifty day simple moving average of $180.99 and a 200-day simple moving average of $219.88. The company has a current ratio of 1.07, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. SAP SE has a twelve month low of $160.66 and a twelve month high of $313.28.

SAP (NYSE:SAP) last announced its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The business had revenue of $11.06 billion during the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. Equities research analysts anticipate that SAP SE will post 8.37 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be paid a $2.9291 dividend. This represents a dividend yield of 175.0%. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date is Tuesday, May 5th. SAP’s payout ratio is currently 24.86%.

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.