Havemeyer Place LP Acquires Shares of 9,714 SAP SE $SAP

Havemeyer Place LP acquired a new stake in SAP SE (NYSE:SAP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,714 shares of the software maker’s stock, valued at approximately $2,360,000.

A number of other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC raised its stake in shares of SAP by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock valued at $3,577,793,000 after purchasing an additional 179,550 shares in the last quarter. Bank of America Corp DE raised its stake in shares of SAP by 58.1% in the 2nd 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 in the last quarter. Windacre Partnership LLC raised its stake in shares of SAP by 130.9% in the 3rd 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 in the last quarter. Northern Trust Corp raised its stake in shares of SAP by 3.2% in the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after purchasing an additional 49,111 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of SAP by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,408 shares of the software maker’s stock valued at $296,828,000 after purchasing an additional 30,806 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen restated a “buy” rating on shares of SAP in a research note on Thursday, May 14th. Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. BMO Capital Markets cut their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Finally, Weiss Ratings lowered shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $288.00.

SAP Price Performance

Shares of NYSE:SAP opened at $184.89 on Friday. The firm’s 50 day moving average is $173.63 and its two-hundred day moving average is $204.83. SAP SE has a 52 week low of $158.58 and a 52 week high of $313.28. The firm has a market capitalization of $227.14 billion, a P/E ratio of 24.99, a PEG ratio of 2.06 and a beta of 1.12. 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 posted its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The business had revenue of $11.06 billion during the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. Analysts anticipate that SAP SE will post 8.39 earnings per share for the current year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were issued a $2.9291 dividend. This represents a dividend yield of 170.0%. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date was Tuesday, May 5th. SAP’s payout ratio is 28.92%.

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.