SAP SE (NYSE:SAP)‘s stock had its “market perform” rating reaffirmed by William Blair in a research note issued on Friday, April 14th.
Other analysts have also recently issued reports about the stock. Goldman Sachs Group Inc set a $115.00 price target on shares of SAP SE and gave the company a “buy” rating in a research note on Saturday, February 18th. HSBC Holdings plc reiterated a “buy” rating on shares of SAP SE in a research note on Sunday, January 15th. Royal Bank of Canada reiterated a “neutral” rating on shares of SAP SE in a research note on Thursday, April 13th. BMO Capital Markets raised their price objective on shares of SAP SE from $88.00 to $95.00 and gave the company a “market perform” rating in a research report on Wednesday, January 25th. Finally, Zacks Investment Research upgraded shares of SAP SE from a “sell” rating to a “hold” rating in a research report on Monday, April 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $92.11.
SAP SE (NYSE:SAP) traded up 1.08% on Friday, reaching $105.05. The company’s stock had a trading volume of 597,371 shares. The firm’s 50 day moving average is $100.11 and its 200-day moving average is $92.09. The firm has a market cap of $125.95 billion, a P/E ratio of 32.20 and a beta of 1.26. SAP SE has a 12 month low of $71.39 and a 12 month high of $105.44.
The business also recently declared an annual dividend, which will be paid on Monday, May 22nd. Stockholders of record on Monday, May 15th will be paid a $1.3312 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a dividend yield of 1.37%. SAP SE’s dividend payout ratio is presently 27.93%.
Several hedge funds have recently made changes to their positions in SAP. Ranger International Management LP raised its stake in shares of SAP SE by 100.0% in the first quarter. Ranger International Management LP now owns 4,196 shares of the software maker’s stock valued at $206,167,000 after buying an additional 2,098 shares during the period. Lincluden Management Ltd. raised its stake in shares of SAP SE by 4.3% in the first quarter. Lincluden Management Ltd. now owns 109,648 shares of the software maker’s stock valued at $10,764,000 after buying an additional 4,525 shares during the period. Cypress Wealth Advisors LLC raised its stake in shares of SAP SE by 3.2% in the first quarter. Cypress Wealth Advisors LLC now owns 2,900 shares of the software maker’s stock valued at $285,000 after buying an additional 91 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of SAP SE during the first quarter valued at about $456,000. Finally, Westwood Holdings Group Inc. raised its stake in shares of SAP SE by 6.0% in the first quarter. Westwood Holdings Group Inc. now owns 5,515 shares of the software maker’s stock valued at $541,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 3.61% of the company’s stock.
SAP SE Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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