Hansberger Growth Investors LP increased its position in SAP SE (NYSE:SAP) by 28.4% during the first quarter, HoldingsChannel reports. The firm owned 44,787 shares of the software maker’s stock after buying an additional 9,914 shares during the quarter. SAP accounts for approximately 5.1% of Hansberger Growth Investors LP’s holdings, making the stock its 8th biggest position. Hansberger Growth Investors LP’s holdings in SAP were worth $5,171,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of SAP. BB&T Securities LLC increased its holdings in SAP by 19.6% during the fourth quarter. BB&T Securities LLC now owns 13,282 shares of the software maker’s stock worth $1,322,000 after buying an additional 2,180 shares during the last quarter. Financial Gravity Companies Inc. acquired a new position in SAP during the fourth quarter worth $44,000. Comerica Securities Inc. increased its holdings in SAP by 40.6% during the fourth quarter. Comerica Securities Inc. now owns 4,263 shares of the software maker’s stock worth $424,000 after buying an additional 1,231 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in SAP during the fourth quarter worth $204,000. Finally, WINTON GROUP Ltd increased its holdings in SAP by 17.5% during the fourth quarter. WINTON GROUP Ltd now owns 150,102 shares of the software maker’s stock worth $14,943,000 after buying an additional 22,377 shares during the last quarter. Institutional investors own 4.85% of the company’s stock.
SAP has been the topic of a number of recent analyst reports. Morgan Stanley restated a “neutral” rating on shares of SAP in a report on Wednesday, April 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $118.00 price objective on shares of SAP in a report on Thursday, April 25th. Royal Bank of Canada upgraded shares of SAP from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $133.00 to $167.00 in a report on Monday, April 29th. JMP Securities reiterated a “buy” rating and issued a $131.00 price objective on shares of SAP in a report on Wednesday, March 13th. Finally, ValuEngine upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $113.22.
SAP (NYSE:SAP) last released its quarterly earnings data on Wednesday, April 24th. The software maker reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. SAP had a net margin of 12.81% and a return on equity of 15.57%. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The company’s quarterly revenue was up 16.3% on a year-over-year basis. As a group, equities research analysts expect that SAP SE will post 4.56 earnings per share for the current year.
The business also recently disclosed an annual dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th were issued a $1.6961 dividend. The ex-dividend date was Thursday, May 16th. This represents a dividend yield of 1.51%. SAP’s dividend payout ratio is currently 26.49%.
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.
Further Reading: Overbought
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