Martin Investment Management LLC trimmed its position in shares of SAP SE (NYSE:SAP) by 10.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,476 shares of the software maker’s stock after selling 9,155 shares during the period. SAP comprises 2.0% of Martin Investment Management LLC’s holdings, making the stock its 29th biggest holding. Martin Investment Management LLC’s holdings in SAP were worth $7,937,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN grew its stake in SAP by 27.9% in the 1st quarter. Wells Fargo & Company MN now owns 1,218,224 shares of the software maker’s stock worth $128,109,000 after acquiring an additional 265,462 shares in the last quarter. Fisher Asset Management LLC grew its stake in SAP by 3.8% in the 4th quarter. Fisher Asset Management LLC now owns 6,850,748 shares of the software maker’s stock worth $769,750,000 after acquiring an additional 251,593 shares in the last quarter. Sustainable Growth Advisers LP grew its stake in SAP by 6.0% in the 1st quarter. Sustainable Growth Advisers LP now owns 3,099,490 shares of the software maker’s stock worth $325,943,000 after acquiring an additional 176,456 shares in the last quarter. WINTON GROUP Ltd bought a new position in SAP in the 4th quarter worth about $15,504,000. Finally, First Trust Advisors LP grew its stake in SAP by 21.3% in the 4th quarter. First Trust Advisors LP now owns 595,675 shares of the software maker’s stock worth $66,930,000 after acquiring an additional 104,479 shares in the last quarter. Institutional investors own 10.75% of the company’s stock.
Shares of SAP opened at $113.63 on Thursday. SAP SE has a fifty-two week low of $99.20 and a fifty-two week high of $116.90. The company has a market capitalization of $138.96 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.12. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.32 and a quick ratio of 1.32.
SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, April 24th. The software maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.25. SAP had a net margin of 18.00% and a return on equity of 18.33%. The firm had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the company earned $0.73 EPS. The company’s revenue was down .5% compared to the same quarter last year. equities analysts expect that SAP SE will post 4.59 EPS for the current year.
The firm also recently declared an annual dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Monday, May 21st will be given a $1.7271 dividend. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, May 18th. This is a boost from SAP’s previous annual dividend of $1.33. SAP’s dividend payout ratio is presently 28.90%.
A number of brokerages have commented on SAP. ValuEngine downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of SAP from a “hold” rating to a “strong-buy” rating and set a $126.00 target price on the stock in a research note on Friday, April 27th. Barclays upped their target price on shares of SAP from $132.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 25th. Royal Bank of Canada restated a “neutral” rating and issued a target price on shares of SAP in a research note on Tuesday, April 24th. Finally, Evercore ISI upgraded shares of SAP from an “in-line” rating to an “outperform” rating in a research note on Monday, March 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. SAP currently has a consensus rating of “Buy” and a consensus price target of $110.80.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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