Lowe Brockenbrough & Co. Inc. Makes New $6.94 Million Investment in SAP SE $SAP

Lowe Brockenbrough & Co. Inc. purchased a new position in shares of SAP SE (NYSE:SAP) in the fourth quarter, Holdings Channel.com reports. The firm purchased 28,571 shares of the software maker’s stock, valued at approximately $6,940,000.

A number of other institutional investors also recently bought and sold shares of SAP. Sound Income Strategies LLC lifted its holdings in SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after buying an additional 58 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in SAP during the 3rd quarter worth about $27,000. Community Bank N.A. purchased a new stake in SAP during the 3rd quarter worth about $32,000. GoalVest Advisory LLC purchased a new stake in SAP during the 4th quarter worth about $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in SAP by 758.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after buying an additional 129 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. TD Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, May 14th. Piper Sandler cut SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. BMO Capital Markets cut their target price on SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

SAP Stock Down 1.2%

SAP opened at $184.89 on Friday. The business’s 50-day simple moving average is $173.63 and its 200-day simple moving average is $204.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. SAP SE has a one year low of $158.58 and a one year high of $313.28. The stock has a market capitalization of $227.14 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12.

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

SAP Increases Dividend

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

About SAP

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.