TD Asset Management Inc Decreases Position in SAP SE $SAP

TD Asset Management Inc cut its position in SAP SE (NYSE:SAP) by 22.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 390,016 shares of the software maker’s stock after selling 114,662 shares during the period. TD Asset Management Inc’s holdings in SAP were worth $94,739,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Fisher Asset Management LLC grew its stake in shares of SAP by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock worth $3,577,793,000 after acquiring an additional 179,550 shares during the period. Bank of America Corp DE grew its stake in shares of SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after acquiring an additional 973,779 shares during the period. Windacre Partnership LLC grew its stake in shares of SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after acquiring an additional 1,336,325 shares during the period. Northern Trust Corp grew its stake in shares of SAP by 3.2% in the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock worth $417,113,000 after acquiring an additional 49,111 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of SAP by 2.8% in the third quarter. Ameriprise Financial Inc. now owns 1,120,408 shares of the software maker’s stock worth $296,828,000 after acquiring an additional 30,806 shares during the period.

SAP Stock Performance

SAP opened at $187.19 on Friday. The firm has a market cap of $229.96 billion, a P/E ratio of 25.30, a PEG ratio of 2.02 and a beta of 1.12. SAP SE has a 1-year low of $158.58 and a 1-year high of $313.28. The company has a 50 day simple moving average of $173.31 and a two-hundred day simple moving average of $204.97. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07.

SAP (NYSE:SAP) last released its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The firm had revenue of $11.06 billion for the quarter. Equities analysts forecast that SAP SE will post 8.39 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a dividend of $2.9291 per share. This is a positive change from SAP’s previous annual dividend of $2.54. This represents a dividend yield of 170.0%. The ex-dividend date was Tuesday, May 5th. SAP’s dividend payout ratio (DPR) is currently 28.92%.

Analyst Ratings Changes

SAP has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. BMO Capital Markets reduced their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Finally, Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $288.00.

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.