Bluegrass Capital Partners LP Acquires New Stake in SAP SE $SAP

Bluegrass Capital Partners LP acquired a new stake in SAP SE (NYSE:SAP) during the 4th quarter, HoldingsChannel reports. The firm acquired 34,000 shares of the software maker’s stock, valued at approximately $8,259,000. SAP accounts for about 4.9% of Bluegrass Capital Partners LP’s investment portfolio, making the stock its 8th largest holding.

Several other institutional investors have also bought and sold shares of SAP. Sound Income Strategies LLC lifted its stake in SAP by 109.4% in the fourth 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 during the last quarter. Abich Financial Wealth Management LLC purchased a new position in SAP in the third quarter valued at approximately $27,000. Copia Wealth Management purchased a new position in SAP in the third quarter valued at approximately $28,000. Guerra Advisors Inc purchased a new stake in shares of SAP during the third quarter worth $31,000. Finally, Community Bank N.A. purchased a new stake in shares of SAP during the third quarter worth $32,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. TD Cowen restated a “buy” rating on shares of SAP in a research report on Thursday, May 14th. Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Citizens Jmp downgraded SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Finally, Barclays increased their target price on SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

SAP Trading Down 0.1%

SAP stock opened at $176.04 on Friday. The stock has a market cap of $216.26 billion, a P/E ratio of 23.79, a PEG ratio of 1.98 and a beta of 1.11. SAP SE has a fifty-two week low of $158.58 and a fifty-two week high of $313.28. The firm’s fifty day moving average price is $173.67 and its 200-day moving average price is $209.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07.

SAP (NYSE:SAP) last released its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The firm had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. Equities research analysts forecast that SAP SE will post 8.34 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were issued a $2.9291 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This is an increase from SAP’s previous annual dividend of $2.54. This represents a dividend yield of 170.0%. SAP’s payout ratio is currently 28.92%.

About SAP

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.