AMF Tjanstepension AB Has $33.54 Million Stake in SAP SE $SAP

AMF Tjanstepension AB grew its position in SAP SE (NYSE:SAPFree Report) by 2.9% in the first quarter, HoldingsChannel.com reports. The fund owned 195,895 shares of the software maker’s stock after buying an additional 5,584 shares during the period. AMF Tjanstepension AB’s holdings in SAP were worth $33,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in shares of SAP by 21.9% during the 1st quarter. Fifth Third Bancorp now owns 4,931 shares of the software maker’s stock worth $844,000 after buying an additional 887 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of SAP by 59.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 18,091 shares of the software maker’s stock worth $3,097,000 after purchasing an additional 6,763 shares in the last quarter. Independence Bank of Kentucky increased its stake in SAP by 176.1% in the first quarter. Independence Bank of Kentucky now owns 1,350 shares of the software maker’s stock valued at $231,000 after acquiring an additional 861 shares during the last quarter. Equitable Trust Co. raised its stake in SAP by 228.6% during the first quarter. Equitable Trust Co. now owns 58,052 shares of the software maker’s stock worth $9,939,000 after acquiring an additional 40,383 shares in the last quarter. Finally, Whipplewood Advisors LLC boosted its position in SAP by 136.1% in the first quarter. Whipplewood Advisors LLC now owns 510 shares of the software maker’s stock valued at $87,000 after buying an additional 294 shares in the last quarter.

SAP Trading Up 0.1%

Shares of SAP stock opened at $157.94 on Monday. The company has a market capitalization of $194.03 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 1.81 and a beta of 1.14. The stock has a fifty day simple moving average of $168.29 and a 200 day simple moving average of $190.21. SAP SE has a 12-month low of $148.06 and a 12-month high of $309.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11.

SAP (NYSE:SAPGet Free Report) last posted its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The firm had revenue of $11.06 billion for the quarter. On average, sell-side analysts anticipate that SAP SE will post 8.3 earnings per share for the current fiscal year.

SAP Increases Dividend

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

Trending Headlines about SAP

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Wall Street Analysts Forecast Growth

SAP has been the topic of several analyst reports. Piper Sandler cut SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Weiss Ratings raised shares of SAP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. Finally, TD Cowen reissued a “buy” rating on shares of SAP in a research note on Thursday, May 14th. One 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, the company has an average rating of “Moderate Buy” and an average target price of $283.40.

View Our Latest Stock Report on SAP

About SAP

(Free Report)

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.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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