Capital International Investors Cuts Stock Holdings in SAP SE (NYSE:SAP)

Capital International Investors trimmed its position in shares of SAP SE (NYSE:SAP) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,214,484 shares of the software maker’s stock after selling 237,222 shares during the period. Capital International Investors’ holdings in SAP were worth $2,520,970,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Centricity Wealth Management LLC purchased a new stake in SAP during the fourth quarter valued at about $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the 4th quarter worth about $27,000. Rakuten Securities Inc. grew its stake in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after buying an additional 108 shares during the period. Albion Financial Group UT increased its holdings in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of SAP in the fourth quarter valued at about $42,000.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets reduced their target price on SAP from $307.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday. Barclays upped their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, JMP Securities lifted their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $247.67.

SAP Trading Down 1.3 %

NYSE:SAP opened at $257.02 on Friday. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The business has a 50 day simple moving average of $271.11 and a 200 day simple moving average of $254.90. The firm has a market capitalization of $315.75 billion, a P/E ratio of 89.55, a P/E/G ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. The ex-dividend date is Tuesday, May 13th. This is an increase from SAP’s previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP’s payout ratio is currently 64.11%.

SAP Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.