SAP SE (NYSE:SAP) Holdings Lifted by US Bancorp DE

US Bancorp DE increased its holdings in SAP SE (NYSE:SAP) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,586 shares of the software maker’s stock after acquiring an additional 26,563 shares during the period. US Bancorp DE’s holdings in SAP were worth $28,844,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Argonautica Private Wealth Management Inc. lifted its stake in shares of SAP by 2.6% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 2,509 shares of the software maker’s stock worth $388,000 after buying an additional 63 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in SAP by 5.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,437 shares of the software maker’s stock worth $222,000 after acquiring an additional 70 shares during the last quarter. Blue Trust Inc. boosted its holdings in SAP by 5.8% during the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after acquiring an additional 75 shares during the period. Axxcess Wealth Management LLC grew its position in shares of SAP by 1.8% in the third quarter. Axxcess Wealth Management LLC now owns 4,586 shares of the software maker’s stock valued at $593,000 after purchasing an additional 79 shares during the last quarter. Finally, Smithfield Trust Co increased its stake in shares of SAP by 18.0% in the fourth quarter. Smithfield Trust Co now owns 563 shares of the software maker’s stock worth $85,000 after purchasing an additional 86 shares during the period.

SAP Stock Up 0.2 %

Shares of NYSE:SAP traded up $0.36 on Friday, hitting $195.38. The stock had a trading volume of 651,789 shares, compared to its average volume of 632,138. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average price is $188.70 and its 200-day moving average price is $173.65. SAP SE has a twelve month low of $126.75 and a twelve month high of $199.29.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.06). SAP had a return on equity of 9.79% and a net margin of 15.76%. The firm had revenue of $8.73 billion for the quarter, compared to the consensus estimate of $8.73 billion. Research analysts forecast that SAP SE will post 4.56 EPS for the current year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be issued a $2.3852 dividend. This represents a dividend yield of 0.9%. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date is Thursday, May 16th. SAP’s payout ratio is currently 37.53%.

Analysts Set New Price Targets

A number of analysts have issued reports on SAP shares. BMO Capital Markets raised their target price on SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays reduced their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Finally, KeyCorp began coverage on SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.40.

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.