Fisher Asset Management LLC Increases Stock Position in SAP SE $SAP

Fisher Asset Management LLC raised its holdings in SAP SE (NYSE:SAP) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,728,881 shares of the software maker’s stock after purchasing an additional 179,550 shares during the quarter. SAP makes up 1.2% of Fisher Asset Management LLC’s investment portfolio, making the stock its 22nd largest position. Fisher Asset Management LLC’s holdings in SAP were worth $3,577,793,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new stake in SAP in the 3rd quarter valued at approximately $27,000. Copia Wealth Management purchased a new stake in SAP in the 3rd quarter valued at approximately $28,000. Sound Income Strategies LLC boosted its holdings in SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. Guerra Advisors Inc purchased a new stake in SAP in the 3rd quarter valued at approximately $31,000. Finally, Community Bank N.A. purchased a new stake in SAP in the 3rd quarter valued at approximately $32,000.

SAP Price Performance

SAP stock opened at $176.04 on Monday. The firm has a 50 day moving average of $173.67 and a 200-day moving average of $209.51. SAP SE has a 12-month low of $158.58 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 market cap of $216.26 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 1.98 and a beta of 1.11.

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

SAP Increases Dividend

The business 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. The ex-dividend date was Tuesday, May 5th. This represents a dividend yield of 170.0%. This is an increase from SAP’s previous annual dividend of $2.54. SAP’s payout ratio is presently 28.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SAP shares. Citigroup lowered SAP from a “buy” rating to a “hold” rating in a report on Friday, January 30th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. BMO Capital Markets reduced their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. Finally, Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $288.00.

SAP Company 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.