Dimensional Fund Advisors LP Sells 835 Shares of SAP SE (NYSE:SAP)

Dimensional Fund Advisors LP reduced its position in SAP SE (NYSE:SAP) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,484 shares of the software maker’s stock after selling 835 shares during the quarter. Dimensional Fund Advisors LP’s holdings in SAP were worth $10,700,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of SAP by 32.1% during the fourth quarter. FMR LLC now owns 3,515,919 shares of the software maker’s stock worth $350,010,000 after acquiring an additional 854,993 shares during the last quarter. GQG Partners LLC grew its stake in shares of SAP by 108.4% during the fourth quarter. GQG Partners LLC now owns 2,218,850 shares of the software maker’s stock worth $220,951,000 after acquiring an additional 1,153,894 shares during the last quarter. One Wealth Advisors LLC grew its stake in shares of SAP by 5.9% during the fourth quarter. One Wealth Advisors LLC now owns 3,284 shares of the software maker’s stock worth $327,000 after acquiring an additional 184 shares during the last quarter. Hancock Whitney Corp grew its stake in shares of SAP by 11.7% during the fourth quarter. Hancock Whitney Corp now owns 5,413 shares of the software maker’s stock worth $538,000 after acquiring an additional 569 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of SAP by 144.9% during the fourth quarter. Jane Street Group LLC now owns 287,568 shares of the software maker’s stock worth $28,627,000 after acquiring an additional 170,163 shares during the last quarter. Hedge funds and other institutional investors own 4.85% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. DZ Bank restated a “buy” rating on shares of SAP 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 boosted their price target on SAP to $133.00 and gave the stock a “positive” rating in a research note on Thursday, April 25th. Argus restated a “buy” rating on shares of SAP in a research note on Wednesday, May 1st. Finally, JMP Securities boosted their price target on SAP from $131.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $113.22.

Shares of NYSE SAP opened at $128.38 on Wednesday. The company has a market capitalization of $159.26 billion, a P/E ratio of 28.34, a PEG ratio of 2.81 and a beta of 1.04. SAP SE has a 52 week low of $94.81 and a 52 week high of $130.67. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last issued its earnings results on Wednesday, April 24th. The software maker reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.94 billion. SAP had a return on equity of 15.57% and a net margin of 12.81%. SAP’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Sell-side analysts predict that SAP SE will post 4.56 earnings per share for the current fiscal year.

The company also recently announced an annual dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 17th were given a $1.6961 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a yield of 1.51%. SAP’s dividend payout ratio is currently 26.49%.

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SAP Company Profile

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.

See Also: Market Perform

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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