Promethos Capital LLC Acquires 3,708 Shares of SAP SE (NYSE:SAP)

Promethos Capital LLC lifted its holdings in SAP SE (NYSE:SAP) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,357 shares of the software maker’s stock after purchasing an additional 3,708 shares during the period. SAP accounts for about 10.2% of Promethos Capital LLC’s investment portfolio, making the stock its biggest holding. Promethos Capital LLC’s holdings in SAP were worth $29,141,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SAP. Fisher Asset Management LLC grew its holdings in SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after purchasing an additional 403,956 shares during the last quarter. TD Asset Management Inc. grew its stake in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after buying an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after acquiring an additional 798,037 shares during the period. Envestnet Asset Management Inc. lifted its position in SAP by 30.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,172,103 shares of the software maker’s stock worth $288,583,000 after acquiring an additional 273,417 shares during the last quarter. Finally, WCM Investment Management LLC bought a new stake in SAP during the fourth quarter valued at about $290,023,000.

SAP Trading Up 0.2 %

Shares of SAP stock opened at $259.05 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a fifty day moving average of $272.86 and a 200-day moving average of $254.39. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70. The stock has a market cap of $318.25 billion, a price-to-earnings ratio of 90.26, a P/E/G ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. This is a positive change from SAP’s previous annual dividend of $2.39. This represents a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 13th. SAP’s dividend payout ratio is currently 64.11%.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Barclays upped their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. JMP Securities raised their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.