Northwestern Mutual Wealth Management Co. Buys 15,420 Shares of SAP SE $SAP

Northwestern Mutual Wealth Management Co. raised its stake in shares of SAP SE (NYSE:SAP) by 95.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,507 shares of the software maker’s stock after acquiring an additional 15,420 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SAP were worth $7,653,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SAP. Windacre Partnership LLC lifted its holdings 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 valued at $629,874,000 after acquiring an additional 1,336,325 shares during the period. Bank of America Corp DE lifted its holdings in shares of SAP by 58.1% during the second 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 period. Sustainable Growth Advisers LP lifted its holdings in shares of SAP by 1,126.3% during the third 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 during the period. M&T Bank Corp lifted its holdings in shares of SAP by 1,582.7% during the fourth quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock valued at $198,529,000 after acquiring an additional 768,725 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of SAP by 9,269.8% during the third quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker’s stock valued at $112,542,000 after acquiring an additional 416,678 shares during the period.

SAP Stock Performance

Shares of NYSE:SAP opened at $176.04 on Friday. SAP SE has a twelve month low of $158.58 and a twelve month high of $313.28. The firm has a market cap of $216.26 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The business has a fifty day moving average of $173.67 and a 200-day moving average of $209.89.

SAP (NYSE:SAP) last announced its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The company had revenue of $11.06 billion during the quarter. On average, equities research analysts predict that SAP SE will post 8.34 EPS for the current fiscal year.

SAP Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on SAP shares. Zacks Research cut SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. TD Cowen reissued a “buy” rating on shares of SAP in a report on Thursday, May 14th. Weiss Ratings cut SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 16th. BMO Capital Markets cut their price objective on SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Finally, HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

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.