Lowe Brockenbrough & Co. Inc. Takes $6.94 Million Position in SAP SE $SAP

Lowe Brockenbrough & Co. Inc. acquired a new stake in SAP SE (NYSE:SAP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,571 shares of the software maker’s stock, valued at approximately $6,940,000.

A number of other institutional investors have also modified their holdings of SAP. Sound Income Strategies LLC grew its stake in shares of SAP by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after buying an additional 58 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of SAP in the third quarter valued at $27,000. Community Bank N.A. acquired a new stake in shares of SAP in the third quarter valued at $32,000. GoalVest Advisory LLC acquired a new stake in shares of SAP in the fourth quarter valued at $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after buying an additional 129 shares in the last quarter.

Analysts Set New Price Targets

SAP has been the subject of a number of research reports. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday, May 14th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Finally, Barclays lifted their target price on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $288.00.

SAP Trading Down 1.2%

NYSE:SAP opened at $184.89 on Friday. The firm has a market cap of $227.14 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12. The stock has a fifty day moving average price of $173.63 and a 200 day moving average price of $204.83. SAP SE has a 12-month low of $158.58 and a 12-month high of $313.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11.

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

SAP Increases Dividend

The firm 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 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 yield of 170.0%. SAP’s dividend payout ratio (DPR) is presently 28.92%.

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.