Dimensional Fund Advisors LP Acquires 6,704 Shares of SAP SE (NYSE:SAP)

Dimensional Fund Advisors LP grew its holdings in SAP SE (NYSE:SAP) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,264 shares of the software maker’s stock after purchasing an additional 6,704 shares during the period. Dimensional Fund Advisors LP’s holdings in SAP were worth $14,099,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SAP. Oppenheimer & Co. Inc. increased its holdings in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after buying an additional 38 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after acquiring an additional 43 shares during the period. Foster Group Inc. raised its holdings in shares of SAP by 4.3% during the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after purchasing an additional 45 shares during the last quarter. Wedmont Private Capital lifted its position in SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares during the period. Finally, Addison Advisors LLC boosted its holdings in SAP by 3.0% in the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after purchasing an additional 46 shares during the last quarter.

SAP Trading Down 1.0 %

Shares of NYSE:SAP opened at $294.31 on Friday. The stock has a 50 day moving average of $269.93 and a 200 day moving average of $260.67. The company has a market cap of $361.56 billion, a PE ratio of 102.55, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. SAP SE has a 12-month low of $179.43 and a 12-month high of $303.40. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $9.08 billion. As a group, equities research analysts expect that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a $2.5423 dividend. This is a positive change from SAP’s previous annual dividend of $2.39. The ex-dividend date is Tuesday, May 13th. This represents a dividend yield of 0.8%. SAP’s dividend payout ratio is 35.25%.

Wall Street Analyst Weigh In

SAP has been the subject of a number of research reports. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Argus reissued a “buy” rating and issued a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Barclays reissued an “overweight” rating and issued a $308.00 target price (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, JMP Securities raised their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $264.00.

About SAP

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.