Angeles Wealth Management LLC Buys Shares of 1,721 SAP SE (NYSE:SAP)

Angeles Wealth Management LLC purchased a new stake in SAP SE (NYSE:SAPFree Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,721 shares of the software maker’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAP. Ameriprise Financial Inc. grew its position in shares of SAP by 213.0% in the third quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock valued at $183,507,000 after purchasing an additional 966,450 shares during the last quarter. Capital International Investors grew its position in shares of SAP by 8.1% in the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after purchasing an additional 746,386 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of SAP by 19,468.8% in the third quarter. Lazard Asset Management LLC now owns 482,762 shares of the software maker’s stock valued at $62,430,000 after purchasing an additional 480,295 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of SAP by 64.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock valued at $137,160,000 after purchasing an additional 414,407 shares during the last quarter. Finally, FMR LLC grew its position in shares of SAP by 2.1% in the third quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock valued at $758,364,000 after purchasing an additional 122,135 shares during the last quarter.

SAP Stock Down 1.0 %

NYSE SAP opened at $191.10 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average is $187.64 and its two-hundred day moving average is $176.56. SAP SE has a 1-year low of $126.75 and a 1-year high of $199.29.

SAP (NYSE:SAPGet Free Report) last released its quarterly earnings data on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). The company had revenue of $8.73 billion for the quarter, compared to analyst estimates of $8.73 billion. SAP had a net margin of 15.76% and a return on equity of 9.79%. As a group, equities analysts expect that SAP SE will post 4.56 EPS for the current year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th were issued a dividend of $2.3852 per share. This represents a yield of 0.9%. This is an increase from SAP’s previous annual dividend of $2.19. The ex-dividend date was Thursday, May 16th. SAP’s payout ratio is presently 37.53%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SAP shares. Barclays lowered their price target on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. BMO Capital Markets lifted their target price on SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. KeyCorp started coverage on SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. Finally, Sanford C. Bernstein started coverage on SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $216.40.

View Our Latest Stock Report on SAP

SAP Company Profile

(Free Report)

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.

See Also

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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