Creative Planning boosted its position in shares of SAP SE (NYSE:SAP) by 3.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 16,775 shares of the software maker’s stock after purchasing an additional 546 shares during the quarter. Creative Planning’s holdings in SAP were worth $1,937,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of SAP by 394.1% in the third quarter. Bank of New York Mellon Corp now owns 312,116 shares of the software maker’s stock valued at $38,390,000 after acquiring an additional 248,945 shares during the last quarter. JPMorgan Chase & Co. raised its position in SAP by 12.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 360,305 shares of the software maker’s stock worth $44,318,000 after purchasing an additional 40,007 shares during the last quarter. Verition Fund Management LLC bought a new position in SAP in the 3rd quarter worth approximately $201,000. Neuberger Berman Group LLC raised its position in SAP by 2.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,025,041 shares of the software maker’s stock worth $126,176,000 after purchasing an additional 22,293 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in SAP in the 3rd quarter worth approximately $2,151,000. 4.58% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on the stock. DZ Bank restated a “buy” rating on shares of SAP in a research report on Wednesday, April 24th. BMO Capital Markets restated a “market perform” rating and issued a $135.00 price objective (up previously from $115.00) on shares of SAP in a research report on Thursday, April 25th. Royal Bank of Canada restated an “average” rating and issued a $52.00 price objective on shares of SAP in a research report on Tuesday, April 23rd. UBS Group cut shares of SAP from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research report on Tuesday, April 9th. Finally, JMP Securities boosted their price objective on shares of SAP from $131.00 to $150.00 and gave the stock a “market outperform” rating in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. SAP has a consensus rating of “Buy” and a consensus price target of $115.90.
Shares of SAP stock traded up $1.79 on Wednesday, hitting $128.70. 679,217 shares of the company’s stock traded hands, compared to its average volume of 787,943. The stock has a market capitalization of $156.46 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.76 and a beta of 1.06. SAP SE has a one year low of $94.81 and a one year high of $130.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.59 and a current ratio of 1.59.
SAP (NYSE:SAP) last issued its earnings results on Wednesday, April 24th. The software maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. SAP had a net margin of 12.81% and a return on equity of 15.70%. The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the previous year, the company posted $0.73 EPS. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, research analysts forecast that SAP SE will post 4.56 EPS for the current fiscal year.
The company also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be issued a $1.6961 dividend. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, May 16th. SAP’s dividend payout ratio (DPR) is 26.93%.
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SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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