Causeway Capital Management LLC Buys 7,126 Shares of SAP SE (NYSE:SAP)

Causeway Capital Management LLC grew its stake in SAP SE (NYSE:SAP – Get Rating) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 244,119 shares of the software maker’s stock after purchasing an additional 7,126 shares during the quarter. Causeway Capital Management LLC’s holdings in SAP were worth $34,204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Evoke Wealth LLC increased its position in shares of SAP by 196.8% during the third quarter. Evoke Wealth LLC now owns 187 shares of the software maker’s stock valued at $25,000 after acquiring an additional 124 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of SAP during the fourth quarter valued at approximately $29,000. CVA Family Office LLC bought a new stake in shares of SAP during the fourth quarter valued at approximately $30,000. Fortis Advisors LLC bought a new stake in shares of SAP during the third quarter valued at approximately $31,000. Finally, Arlington Partners LLC bought a new stake in shares of SAP during the fourth quarter valued at approximately $31,000.

Shares of SAP traded up $1.51 during trading hours on Tuesday, reaching $99.05. 49,437 shares of the stock traded hands, compared to its average volume of 1,640,215. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.24. SAP SE has a 52-week low of $94.79 and a 52-week high of $151.48. The company’s 50-day moving average price is $106.42 and its two-hundred day moving average price is $123.00.

SAP (NYSE:SAP – Get Rating) last released its earnings results on Friday, April 22nd. The software maker reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.20. The company had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.55 billion. SAP had a net margin of 17.46% and a return on equity of 13.68%. On average, sell-side analysts forecast that SAP SE will post 3.65 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, May 20th will be paid a $2.66 dividend. The ex-dividend date of this dividend is Thursday, May 19th. This represents a yield of 1.9%. This is a boost from SAP’s previous annual dividend of $2.19. SAP’s payout ratio is presently 33.13%.

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reduced their price target on shares of SAP from €130.00 ($135.42) to €120.00 ($125.00) and set a “buy” rating for the company in a research report on Friday, April 22nd. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 28th. Oppenheimer downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 20th. TheStreet downgraded shares of SAP from a “b-” rating to a “c+” rating in a research report on Friday, April 22nd. Finally, Cowen cut their target price on shares of SAP from $145.00 to $136.00 and set a “market perform” rating for the company in a research report on Friday, January 28th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, SAP currently has a consensus rating of “Buy” and a consensus target price of $109.80.

About SAP (Get Rating)

SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

See Also