Rockefeller Capital Management L.P. Buys 3,308 Shares of SAP SE $SAP

Rockefeller Capital Management L.P. lifted its stake in SAP SE (NYSE:SAP) by 17.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,171 shares of the software maker’s stock after buying an additional 3,308 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in SAP were worth $5,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SAP. Binnacle Investments Inc increased its holdings in SAP by 14.2% in the 3rd quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock worth $90,000 after acquiring an additional 42 shares in the last quarter. Spire Wealth Management lifted its holdings in SAP by 6.2% during the fourth quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock valued at $180,000 after purchasing an additional 43 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of SAP by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after purchasing an additional 43 shares during the period. Euro Pacific Asset Management LLC boosted its position in shares of SAP by 5.7% in the fourth quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker’s stock worth $213,000 after purchasing an additional 47 shares during the period. Finally, Modera Wealth Management LLC increased its stake in shares of SAP by 1.2% in the fourth quarter. Modera Wealth Management LLC now owns 3,912 shares of the software maker’s stock worth $950,000 after purchasing an additional 48 shares in the last quarter.

SAP Stock Up 4.8%

SAP opened at $155.24 on Friday. SAP SE has a 52 week low of $148.06 and a 52 week high of $313.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $171.33 and a two-hundred day simple moving average of $196.55. The company has a market capitalization of $190.71 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.68 and a beta of 1.12.

SAP (NYSE:SAP) last announced its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The company had revenue of $11.06 billion during the quarter. Analysts forecast that SAP SE will post 8.36 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were paid a $2.9291 dividend. This represents a dividend yield of 170.0%. The ex-dividend date of this dividend was Tuesday, May 5th. This is an increase from SAP’s previous annual dividend of $2.54. SAP’s dividend payout ratio is 28.78%.

Wall Street Analyst Weigh In

SAP has been the topic of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. restated 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 note on Friday, April 24th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $265.00 target price on shares of SAP in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.40.

SAP Profile

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.