Sustainable Growth Advisers LP Sells 155,565 Shares of SAP SE $SAP

Sustainable Growth Advisers LP decreased its holdings in SAP SE (NYSE:SAP) by 18.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 686,851 shares of the software maker’s stock after selling 155,565 shares during the period. Sustainable Growth Advisers LP owned about 0.06% of SAP worth $166,843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC increased its holdings in shares of SAP by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock worth $3,577,793,000 after purchasing an additional 179,550 shares in the last quarter. Bank of America Corp DE increased its holdings 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 worth $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Windacre Partnership LLC increased its holdings in shares of SAP by 130.9% in the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after purchasing an additional 1,336,325 shares in the last quarter. Northern Trust Corp increased its holdings in shares of SAP by 3.2% in the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock worth $417,113,000 after purchasing an additional 49,111 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of SAP by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,408 shares of the software maker’s stock worth $296,828,000 after purchasing an additional 30,806 shares in the last quarter.

SAP Stock Performance

NYSE:SAP opened at $196.18 on Tuesday. The stock has a 50-day simple moving average of $172.63 and a two-hundred day simple moving average of $206.32. SAP SE has a 52-week low of $158.58 and a 52-week high of $313.28. 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 firm has a market capitalization of $241.01 billion, a PE ratio of 26.51, a P/E/G ratio of 2.03 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 earnings per share (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 during the quarter. Analysts forecast that SAP SE will post 8.39 EPS for the current year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued 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 of this dividend was Tuesday, May 5th. SAP’s dividend payout ratio is presently 28.92%.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research analyst reports. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a report on Thursday, May 14th. Santander raised SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. HSBC raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Finally, Barclays lifted their price objective on SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, 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.