Sands Capital Management LLC Has $95.74 Million Position in SAP SE $SAP

Sands Capital Management LLC lowered its stake in shares of SAP SE (NYSE:SAP) by 10.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 394,117 shares of the software maker’s stock after selling 46,153 shares during the period. Sands Capital Management LLC’s holdings in SAP were worth $95,735,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sound Income Strategies LLC raised its position in shares of SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after buying an additional 58 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of SAP during the third quarter valued at about $27,000. Community Bank N.A. acquired a new position in shares of SAP during the third quarter valued at about $32,000. GoalVest Advisory LLC acquired a new position in shares of SAP during the fourth quarter valued at about $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in shares of SAP by 758.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after buying an additional 129 shares during the last quarter.

SAP Stock Performance

NYSE SAP opened at $164.33 on Monday. The stock has a market cap of $201.87 billion, a P/E ratio of 22.21, a PEG ratio of 1.84 and a beta of 1.12. The company’s 50-day simple moving average is $173.97 and its 200 day simple moving average is $202.30. SAP SE has a twelve month low of $158.58 and a twelve month high of $313.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11.

SAP (NYSE:SAP) last posted 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 for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. As a group, research analysts forecast that SAP SE will post 8.37 earnings per share for the current fiscal 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 paid a dividend of $2.9291 per share. This is a positive change from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s payout ratio is currently 28.92%.

Analysts Set New Price Targets

A number of analysts recently weighed in on SAP shares. Piper Sandler cut shares of SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Santander raised shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. BMO Capital Markets lowered their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Weiss Ratings cut shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and a consensus price target of $283.40.

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.