SAP SE $SAP Shares Purchased by Riverbridge Partners LLC

Riverbridge Partners LLC grew its holdings in shares of SAP SE (NYSE:SAP) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,939 shares of the software maker’s stock after purchasing an additional 4,448 shares during the quarter. Riverbridge Partners LLC’s holdings in SAP were worth $23,788,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Windacre Partnership LLC boosted its position in SAP by 130.9% during 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 last quarter. Bank of America Corp DE lifted its stake 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 holdings in shares of SAP by 1,126.3% during 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 last quarter. M&T Bank Corp boosted its holdings in shares of SAP by 1,582.7% during the 4th quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock worth $198,529,000 after purchasing an additional 768,725 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of SAP by 2.8% in the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock valued at $3,887,727,000 after purchasing an additional 392,010 shares in the last quarter.

SAP Trading Up 2.7%

SAP opened at $153.56 on Wednesday. The stock has a market capitalization of $188.65 billion, a PE ratio of 20.75, a P/E/G ratio of 1.68 and a beta of 1.12. SAP SE has a one year low of $149.19 and a one year high of $313.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50 day moving average price is $172.41 and its 200 day moving average price is $198.19.

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

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a dividend of $2.9291 per share. This represents a dividend yield of 170.0%. 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. SAP’s dividend payout ratio is 28.78%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SAP. Piper Sandler downgraded SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. HSBC raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Finally, Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus target price of $283.40.

About SAP

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.