Riverbridge Partners LLC Takes $243,000 Position in SAP SE (NYSE:SAP)

Riverbridge Partners LLC purchased a new stake in shares of SAP SE (NYSE:SAP) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 905 shares of the software maker’s stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SAP. Principal Street Partners LLC increased its holdings in SAP by 1.0% in the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker’s stock worth $908,000 after buying an additional 35 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after buying an additional 38 shares in the last quarter. Alaethes Wealth LLC increased its holdings in SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker’s stock worth $2,730,000 after buying an additional 39 shares in the last quarter. D Orazio & Associates Inc. increased its holdings in SAP by 3.1% in the 1st quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker’s stock worth $367,000 after buying an additional 41 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in SAP by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after buying an additional 43 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a report on Friday, May 2nd. Barclays reiterated an “overweight” rating and issued a $308.00 price objective (up from $286.00) on shares of SAP in a report on Thursday, April 24th. UBS Group upgraded SAP to a “strong-buy” rating in a report on Friday, May 30th. Piper Sandler assumed coverage on SAP in a report on Tuesday. They issued an “overweight” rating for the company. Finally, BMO Capital Markets raised their target price on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, May 23rd. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, SAP has a consensus rating of “Buy” and a consensus target price of $271.83.

SAP Trading Down 0.8%

Shares of NYSE:SAP opened at $287.60 on Friday. The stock has a market capitalization of $353.31 billion, a price-to-earnings ratio of 55.10, a PEG ratio of 4.16 and a beta of 1.32. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50-day simple moving average is $290.31 and its two-hundred day simple moving average is $274.09. SAP SE has a 52-week low of $191.59 and a 52-week high of $311.40.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. Analysts expect that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were paid a dividend of $2.5423 per share. This is a boost from SAP’s previous annual dividend of $2.39. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a yield of 0.8%. SAP’s dividend payout ratio (DPR) is presently 35.25%.

SAP Company 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.