US Bancorp DE Sells 27,656 Shares of SAP SE $SAP

US Bancorp DE cut its holdings in SAP SE (NYSE:SAP) by 20.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,505 shares of the software maker’s stock after selling 27,656 shares during the period. US Bancorp DE’s holdings in SAP were worth $26,357,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SAP. Windacre Partnership LLC lifted its stake 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 purchasing an additional 1,336,325 shares during the last quarter. Bank of America Corp DE lifted its stake 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 purchasing an additional 973,779 shares during the last quarter. Sustainable Growth Advisers LP lifted its stake in SAP by 1,126.3% in the third quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock valued at $225,102,000 after purchasing an additional 773,720 shares during the last quarter. M&T Bank Corp lifted its stake in SAP by 1,582.7% in the fourth quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock valued at $198,529,000 after purchasing an additional 768,725 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in SAP by 9,269.8% in the third quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker’s stock valued at $112,542,000 after purchasing an additional 416,678 shares during the last quarter.

Analyst Ratings Changes

SAP has been the topic of several research analyst reports. Wall Street Zen upgraded SAP from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. BMO Capital Markets dropped 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. Finally, Citizens Jmp downgraded SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $288.00.

SAP Trading Up 0.8%

SAP stock opened at $170.80 on Friday. The stock has a market cap of $209.82 billion, a P/E ratio of 23.08, a PEG ratio of 1.90 and a beta of 1.11. SAP SE has a fifty-two week low of $160.66 and a fifty-two week high of $313.28. The firm’s fifty day moving average price is $180.99 and its 200-day moving average price is $219.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.07.

SAP (NYSE:SAP) last released its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The firm had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. Equities research analysts forecast that SAP SE will post 8.37 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be issued a $2.9291 dividend. The ex-dividend date of this dividend is Tuesday, May 5th. This is an increase from SAP’s previous annual dividend of $2.54. This represents a dividend yield of 175.0%. SAP’s payout ratio is currently 24.86%.

SAP 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.