Charles Schwab Investment Management Inc. Increases Stake in SAP SE $SAP

Charles Schwab Investment Management Inc. boosted its stake in shares of SAP SE (NYSE:SAP) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,956 shares of the software maker’s stock after acquiring an additional 18,052 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SAP were worth $34,240,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new position in SAP during the third quarter valued at approximately $27,000. Copia Wealth Management purchased a new position in SAP during the third quarter valued at approximately $28,000. Sound Income Strategies LLC boosted its holdings in 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 buying an additional 58 shares in the last quarter. Guerra Advisors Inc purchased a new stake in SAP during the third quarter worth $31,000. Finally, Community Bank N.A. purchased a new stake in SAP during the third quarter worth $32,000.

SAP Stock Performance

NYSE:SAP opened at $169.69 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. The company has a fifty day moving average of $175.74 and a two-hundred day moving average of $212.94. The stock has a market capitalization of $208.46 billion, a PE ratio of 22.93, a P/E/G ratio of 1.90 and a beta of 1.11. SAP SE has a fifty-two week low of $158.58 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The company had revenue of $11.06 billion during 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 8.35 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a dividend of $2.9291 per share. This is a boost from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. The ex-dividend date was Tuesday, May 5th. SAP’s dividend payout ratio (DPR) is currently 28.92%.

Analysts Set New Price Targets

SAP has been the topic of a number of recent analyst reports. TD Cowen reissued a “buy” rating on shares of SAP in a report on Thursday. BMO Capital Markets lowered their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Weiss Ratings downgraded shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 16th. Piper Sandler downgraded shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Finally, Citizens Jmp downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.