SAP (NYSE:SAP) Hits New 1-Year Low – Here’s What Happened

Shares of SAP SE (NYSE:SAP) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $159.28 and last traded at $160.0870, with a volume of 988634 shares trading hands. The stock had previously closed at $167.27.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. HSBC raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of SAP in a research note on Friday, January 30th. Finally, Zacks Research cut shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

SAP Stock Up 2.1%

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 firm has a 50 day moving average of $176.26 and a two-hundred day moving average of $213.25. The firm has a market capitalization of $201.65 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.11.

SAP (NYSE:SAP) last issued its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The firm 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 anticipate that SAP SE will post 8.35 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be given a dividend of $2.9291 per share. The ex-dividend date is Tuesday, May 5th. This represents a yield of 170.0%. This is a positive change from SAP’s previous annual dividend of $2.54. SAP’s dividend payout ratio is currently 28.78%.

Hedge Funds Weigh In On SAP

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Windacre Partnership LLC grew its stake in shares of SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after buying an additional 1,336,325 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after acquiring an additional 973,779 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of SAP during the 1st quarter valued at $150,701,000. Sustainable Growth Advisers LP boosted its holdings in shares of SAP by 1,126.3% during the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock valued at $225,102,000 after acquiring an additional 773,720 shares in the last quarter. Finally, M&T Bank Corp grew its position in SAP by 1,582.7% during the 4th quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock worth $198,529,000 after acquiring an additional 768,725 shares during the last quarter.

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.