SAP SE $SAP Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. lifted its stake in shares of SAP SE (NYSE:SAP) by 95.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,350 shares of the software maker’s stock after acquiring an additional 33,888 shares during the period. Cibc World Market Inc.’s holdings in SAP were worth $16,846,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SAP. Windacre Partnership LLC boosted its stake in shares of SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after acquiring an additional 1,336,325 shares during the last quarter. Bank of America Corp DE raised its holdings in SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after acquiring an additional 973,779 shares during the last quarter. Sustainable Growth Advisers LP lifted its stake in shares of SAP by 1,126.3% during the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock worth $225,102,000 after purchasing an additional 773,720 shares during the period. M&T Bank Corp boosted its holdings in shares of SAP by 1,582.7% during the fourth quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock worth $198,529,000 after purchasing an additional 768,725 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of SAP by 2.8% in the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock valued at $3,887,727,000 after purchasing an additional 392,010 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Santander raised SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. BMO Capital Markets lowered their price objective on SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Piper Sandler downgraded SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, Zacks Research downgraded SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $288.00.

SAP Stock Performance

SAP stock opened at $184.89 on Friday. The stock’s 50-day moving average is $173.63 and its 200-day moving average is $204.83. The company has a market cap of $227.14 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12. 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 SE has a 12 month low of $158.58 and a 12 month high of $313.28.

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

SAP Increases Dividend

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