Cullen Frost Bankers Inc. acquired a new position in shares of SAP SE (NYSE:SAP) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 361 shares of the software maker’s stock, valued at approximately $42,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Partners LLC raised its stake in shares of SAP by 10.5% during the 1st quarter. Advisor Partners LLC now owns 11,080 shares of the software maker’s stock worth $1,279,000 after acquiring an additional 1,052 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of SAP by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 360,305 shares of the software maker’s stock worth $44,318,000 after acquiring an additional 40,007 shares in the last quarter. Toroso Investments LLC bought a new position in shares of SAP during the 4th quarter worth approximately $3,112,000. First Trust Advisors LP raised its stake in shares of SAP by 2.1% during the 4th quarter. First Trust Advisors LP now owns 835,278 shares of the software maker’s stock worth $83,152,000 after acquiring an additional 16,805 shares in the last quarter. Finally, BB&T Corp raised its stake in shares of SAP by 8.1% during the 1st quarter. BB&T Corp now owns 54,692 shares of the software maker’s stock worth $6,315,000 after acquiring an additional 4,103 shares in the last quarter. Hedge funds and other institutional investors own 4.60% of the company’s stock.
Several research firms recently commented on SAP. Stifel Nicolaus reiterated a “hold” rating and set a $118.00 price objective on shares of SAP in a research note on Thursday, April 25th. ValuEngine upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. BMO Capital Markets restated a “market perform” rating and set a $135.00 price target (up previously from $115.00) on shares of SAP in a research note on Thursday, April 25th. Royal Bank of Canada upped their price target on shares of SAP to $133.00 and gave the company a “positive” rating in a research note on Thursday, April 25th. Finally, Argus restated a “buy” rating on shares of SAP in a research note on Wednesday, May 1st. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. SAP presently has an average rating of “Buy” and an average price target of $115.90.
Shares of SAP stock opened at $124.30 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.37. SAP SE has a 12-month low of $94.81 and a 12-month high of $130.16. The company has a market cap of $153.45 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 2.76 and a beta of 1.06.
SAP (NYSE:SAP) last issued its quarterly earnings results on Wednesday, April 24th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the business posted $0.73 EPS. SAP’s revenue for the quarter was up 16.3% compared to the same quarter last year. Research analysts forecast that SAP SE will post 4.56 EPS for the current year.
The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be paid a $1.6961 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 1.51%. SAP’s payout ratio is currently 26.27%.
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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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