Saturna Capital Corp Increases Stock Holdings in SAP SE $SAP

Saturna Capital Corp increased its position in shares of SAP SE (NYSE:SAP) by 31.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,121 shares of the software maker’s stock after acquiring an additional 5,343 shares during the quarter. Saturna Capital Corp’s holdings in SAP were worth $5,373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SAP. Fisher Asset Management LLC increased its holdings in shares of SAP by 1.2% during 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 buying an additional 179,550 shares during the last quarter. Bank of America Corp DE lifted its holdings in SAP by 58.1% in 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 last quarter. Windacre Partnership LLC lifted its holdings in SAP by 130.9% in 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 last quarter. Northern Trust Corp grew its position in SAP by 3.2% in the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock worth $417,113,000 after acquiring an additional 49,111 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in SAP by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock worth $291,498,000 after acquiring an additional 83,349 shares during the last quarter.

SAP Stock Down 4.6%

SAP stock opened at $170.72 on Thursday. The company’s 50 day moving average price is $174.26 and its 200 day moving average price is $203.34. 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 fifty-two week low of $158.58 and a fifty-two week high of $313.28. The firm has a market capitalization of $209.72 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.00 and a beta of 1.12.

SAP (NYSE:SAP) last issued its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The company had revenue of $11.06 billion during the quarter. On average, equities research analysts anticipate that SAP SE will post 8.39 EPS for the current fiscal year.

SAP Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BMO Capital Markets reduced their target price on SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Santander raised SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Barclays increased their target price on shares of SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, Piper Sandler downgraded shares of SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, SAP has an average rating of “Moderate Buy” and an average price target of $283.40.

About SAP

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.