Deprince Race & Zollo Inc. Invests $27.73 Million in SAP SE $SAP

Deprince Race & Zollo Inc. acquired a new stake in SAP SE (NYSE:SAP) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 161,950 shares of the software maker’s stock, valued at approximately $27,727,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SAP. Brighton Jones LLC grew its position in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after buying an additional 1,255 shares during the period. Baird Financial Group Inc. purchased a new position in SAP during the first quarter worth $242,000. AQR Capital Management LLC raised its stake in SAP by 49.0% in the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after purchasing an additional 5,363 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of SAP in the first quarter valued at approximately $2,681,000. Finally, Sivia Capital Partners LLC raised its holdings in SAP by 2.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after acquiring an additional 69 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $265.00 price objective on shares of SAP in a report on Wednesday, June 10th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Thursday, May 14th. Barclays lifted their price target on shares of SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Santander raised SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. Finally, Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and a consensus price target of $283.40.

SAP Price Performance

NYSE SAP opened at $159.47 on Thursday. SAP SE has a 52 week low of $148.06 and a 52 week high of $313.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The stock has a market cap of $195.91 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 1.76 and a beta of 1.14. The company has a 50-day moving average price of $169.96 and a two-hundred day moving average price of $194.33.

SAP (NYSE:SAP) last announced its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (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 8.33 EPS for the current year.

SAP Increases Dividend

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

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.