Alliancebernstein L.P. Purchases 172 Shares of SAP SE (NYSE:SAP)

Alliancebernstein L.P. increased its holdings in SAP SE (NYSE:SAP) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,271 shares of the software maker’s stock after acquiring an additional 172 shares during the period. Alliancebernstein L.P.’s holdings in SAP were worth $313,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Fisher Asset Management LLC raised its holdings in shares of SAP by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after purchasing an additional 403,956 shares during the period. TD Asset Management Inc. increased its holdings in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after acquiring an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after purchasing an additional 798,037 shares during the last quarter. WCM Investment Management LLC purchased a new position in shares of SAP in the fourth quarter worth about $290,023,000. Finally, Wellington Management Group LLP purchased a new stake in shares of SAP during the 4th quarter valued at approximately $163,630,000.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of analyst reports. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Barclays boosted their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets reduced their target price on SAP from $307.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, April 16th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $247.67.

SAP Trading Down 2.6 %

Shares of SAP stock opened at $250.65 on Tuesday. The firm has a market cap of $307.92 billion, a P/E ratio of 87.33, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a 12-month low of $176.14 and a 12-month high of $293.70. The business has a 50-day moving average price of $269.66 and a two-hundred day moving average price of $255.78.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be issued a dividend of $2.5423 per share. The ex-dividend date is Tuesday, May 13th. This is a boost from SAP’s previous annual dividend of $2.39. This represents a yield of 0.8%. SAP’s dividend payout ratio is currently 64.11%.

SAP Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.