SAP SE $SAP Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. grew its stake in shares of SAP SE (NYSE:SAP) by 95.6% during the fourth quarter, HoldingsChannel reports. The firm owned 69,350 shares of the software maker’s stock after buying an additional 33,888 shares during the period. Cibc World Market Inc.’s holdings in SAP were worth $16,846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new position in shares of SAP during the third quarter worth about $27,000. Sound Income Strategies LLC lifted its stake 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 worth $26,000 after purchasing an additional 58 shares in the last quarter. Community Bank N.A. acquired a new position in shares of SAP during the third quarter worth about $32,000. Kozak & Associates Inc. acquired a new position in shares of SAP during the third quarter worth about $37,000. Finally, GoalVest Advisory LLC acquired a new position in shares of SAP during the fourth quarter worth about $35,000.

SAP Trading Down 1.2%

NYSE:SAP opened at $184.89 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. SAP SE has a one year low of $158.58 and a one year high of $313.28. The business’s 50-day simple moving average is $173.63 and its 200 day simple moving average is $204.83. The stock has a market cap of $227.14 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12.

SAP (NYSE:SAP) last released its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The business had revenue of $11.06 billion for the quarter. As a group, sell-side analysts predict that SAP SE will post 8.39 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. Investors of record on Tuesday, May 5th were issued a $2.9291 dividend. This is an increase 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 dividend payout ratio is presently 28.92%.

Analysts Set New Price Targets

A number of brokerages have commented on SAP. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research cut SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. TD Cowen restated a “buy” rating on shares of SAP in a research note on Thursday, May 14th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.