3,741 Shares in SAP SE (NYSE:SAP) Acquired by Jackson Square Capital LLC

Jackson Square Capital LLC acquired a new position in SAP SE (NYSE:SAP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,741 shares of the software maker’s stock, valued at approximately $1,004,000.

Other large investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SAP by 152.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after buying an additional 249,824 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of SAP by 98.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker’s stock worth $633,000 after acquiring an additional 1,279 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of SAP by 164.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker’s stock worth $660,000 after acquiring an additional 1,667 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of SAP by 89.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 5,511 shares of the software maker’s stock worth $1,357,000 after acquiring an additional 2,601 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new position in shares of SAP during the 4th quarter worth about $518,000.

Analyst Ratings Changes

SAP has been the subject of a number of recent research reports. UBS Group upgraded shares of SAP to a “strong-buy” rating in a report on Friday, May 30th. JMP Securities reaffirmed a “market outperform” rating and set a $330.00 price target on shares of SAP in a research report on Friday, May 23rd. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Friday, May 2nd. Argus restated a “buy” rating and issued a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. Finally, BMO Capital Markets boosted their target price on shares of SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SAP presently has a consensus rating of “Buy” and an average price target of $271.83.

SAP Trading Down 2.9%

SAP stock opened at $292.93 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $286.70 and a two-hundred day moving average price of $272.24. The firm has a market capitalization of $359.87 billion, a price-to-earnings ratio of 102.07, a PEG ratio of 4.71 and a beta of 1.32. SAP SE has a 52-week low of $186.50 and a 52-week high of $311.40.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. Sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were issued a dividend of $2.5423 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a positive change from SAP’s previous annual dividend of $2.39. SAP’s payout ratio is currently 35.25%.

About SAP

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.