Brandes Investment Partners LP Has $55.74 Million Stock Position in SAP SE $SAP

Brandes Investment Partners LP grew its stake in SAP SE (NYSE:SAP) by 70.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,454 shares of the software maker’s stock after acquiring an additional 94,697 shares during the quarter. Brandes Investment Partners LP’s holdings in SAP were worth $55,741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SAP. Windacre Partnership LLC increased its stake in SAP by 130.9% during the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after purchasing an additional 1,336,325 shares in the last quarter. Bank of America Corp DE increased its stake in SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Sustainable Growth Advisers LP increased its stake in 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 in the last quarter. M&T Bank Corp increased its stake in SAP by 1,582.7% during the 4th 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 in the last quarter. Finally, Fisher Asset Management LLC increased its stake in SAP by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock worth $3,887,727,000 after purchasing an additional 392,010 shares in the last quarter.

SAP Trading Down 1.6%

NYSE:SAP opened at $178.97 on Wednesday. SAP SE has a twelve month low of $158.58 and a twelve month 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 business has a 50 day moving average price of $174.21 and a two-hundred day moving average price of $203.78. The company has a market cap of $219.87 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.12.

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

SAP Increases Dividend

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

Analyst Upgrades and Downgrades

SAP has been the subject of a number of research reports. TD Cowen reissued a “buy” rating on shares of SAP in a research note on Thursday, May 14th. Weiss Ratings cut SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. Zacks Research cut SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Piper Sandler cut SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Finally, HSBC raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

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.