Clearbridge Investments LLC Has $132.12 Million Stock Position in SAP SE $SAP

Clearbridge Investments LLC reduced its position in shares of SAP SE (NYSE:SAP) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 543,921 shares of the software maker’s stock after selling 6,313 shares during the quarter. Clearbridge Investments LLC’s holdings in SAP were worth $132,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SAP. Sound Income Strategies LLC raised its stake in shares of SAP by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of SAP in the third quarter worth approximately $27,000. Community Bank N.A. purchased a new stake in shares of SAP in the third quarter worth approximately $32,000. GoalVest Advisory LLC purchased a new stake in shares of SAP in the fourth quarter worth approximately $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after purchasing an additional 129 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have recently commented on SAP. TD Cowen reissued a “buy” rating on shares of SAP in a research note on Thursday, May 14th. Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. HSBC raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. BMO Capital Markets lowered their price objective 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 raised SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

SAP Stock Performance

SAP stock opened at $184.89 on Monday. The firm has a market cap of $227.14 billion, a PE ratio of 24.99, a P/E/G ratio of 2.06 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $173.63 and a 200-day moving average of $204.59. SAP SE has a 12-month low of $158.58 and a 12-month high of $313.28.

SAP (NYSE:SAP) last released its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The company had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. As a group, sell-side analysts expect that SAP SE will post 8.39 earnings per share for the current year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued a dividend of $2.9291 per share. This represents a yield of 170.0%. This is a positive change 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 28.92%.

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.