UBS Group AG Acquires 6,916 Shares of SAP SE (NYSE:SAP)

UBS Group AG raised its holdings in shares of SAP SE (NYSE:SAP – Get Rating) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,609 shares of the software maker’s stock after purchasing an additional 6,916 shares during the quarter. UBS Group AG’s holdings in SAP were worth $7,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of SAP. JPMorgan Chase & Co. lifted its holdings in shares of SAP by 364.7% in the 1st quarter. JPMorgan Chase & Co. now owns 113,250 shares of the software maker’s stock worth $12,567,000 after acquiring an additional 88,881 shares during the last quarter. American Century Companies Inc. increased its stake in SAP by 6.0% in the 1st quarter. American Century Companies Inc. now owns 21,703 shares of the software maker’s stock worth $2,408,000 after buying an additional 1,229 shares during the period. Cetera Advisor Networks LLC increased its stake in SAP by 38.1% in the 1st quarter. Cetera Advisor Networks LLC now owns 2,630 shares of the software maker’s stock worth $292,000 after buying an additional 726 shares during the period. Dimensional Fund Advisors LP increased its stake in SAP by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 106,983 shares of the software maker’s stock worth $11,871,000 after buying an additional 1,622 shares during the period. Finally, Sei Investments Co. increased its stake in SAP by 6.0% in the 1st quarter. Sei Investments Co. now owns 129,904 shares of the software maker’s stock worth $14,431,000 after buying an additional 7,407 shares during the period. Institutional investors own 5.23% of the company’s stock.

Analyst Ratings Changes

SAP has been the topic of several recent analyst reports. Sanford C. Bernstein raised their price target on shares of SAP from $154.00 to $169.00 in a research note on Thursday, May 11th. StockNews.com initiated coverage on shares of SAP in a research report on Thursday, May 18th. They set a “strong-buy” rating on the stock. BMO Capital Markets raised their target price on shares of SAP from $125.00 to $140.00 in a research report on Monday, April 24th. JMP Securities raised their target price on shares of SAP from $170.00 to $179.00 in a research report on Wednesday, May 17th. Finally, TheStreet downgraded shares of SAP from a “b” rating to a “c+” rating in a research report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $126.20.

SAP Stock Down 0.5 %

Shares of SAP stock opened at $129.21 on Thursday. The firm’s 50 day moving average price is $129.36 and its 200-day moving average price is $118.02. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.21. SAP SE has a 52-week low of $78.22 and a 52-week high of $137.32. The company has a market cap of $152.41 billion, a P/E ratio of 72.18, a PEG ratio of 2.38 and a beta of 1.19.

SAP Cuts Dividend

The business also recently announced an annual dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 15th were paid a $2.1864 dividend. This represents a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 12th. SAP’s dividend payout ratio (DPR) is presently 89.94%.

About SAP

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SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Support; Qualtrics; and Services. The Applications, Technology, and Services segment includes sale of software licenses, support offerings, and cloud subscriptions.