Value Partners Investments Inc. Purchases 21,904 Shares of SAP SE $SAP

by · The Cerbat Gem

Value Partners Investments Inc. increased its position in SAP SE (NYSE:SAP – Free Report) by 52.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 63,946 shares of the software maker’s stock after buying an additional 21,904 shares during the period. SAP comprises approximately 0.8% of Value Partners Investments Inc.’s holdings, making the stock its 24th largest position. Value Partners Investments Inc.’s holdings in SAP were worth $10,960,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Windacre Partnership LLC boosted its stake in shares of SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after acquiring an additional 1,336,325 shares during the period. Bank of America Corp DE lifted its holdings in 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 worth $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Sustainable Growth Advisers LP boosted its stake in SAP by 1,126.3% in the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock worth $225,102,000 after purchasing an additional 773,720 shares during the period. M&T Bank Corp grew its holdings in SAP by 1,582.7% during the 4th quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock valued at $198,529,000 after buying an additional 768,725 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in SAP by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock valued at $3,887,727,000 after buying an additional 392,010 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SAP shares. BMO Capital Markets cut their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings cut SAP from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday, May 14th. Finally, HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.40.

Get Our Latest Stock Report on SAP

SAP Stock Up 4.8%

Shares of NYSE:SAP opened at $155.24 on Friday. The company has a market cap of $190.71 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.68 and a beta of 1.12. SAP SE has a 12 month low of $148.06 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. The company has a 50-day moving average price of $171.33 and a 200 day moving average price of $196.55.

SAP (NYSE:SAP – Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The company had revenue of $11.06 billion for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. As a group, equities research analysts predict that SAP SE will post 8.36 earnings per share for the current year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were paid a dividend of $2.9291 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This is a positive change from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. SAP’s payout ratio is presently 28.78%.

SAP Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP – Free Report).