SAP SE (NYSE: SAP – Get Rating) announced an annual dividend on Thursday, April 14, reports The Wall Street Journal. Shareholders of record on Friday, May 20 will receive a dividend of 2.66 per share from the software maker on Tuesday, May 31. This represents a dividend yield of 1.9%. The ex-dividend date is Thursday, May 19. This is a positive change from SAP’s previous annual dividend of $2.19.
SAP has a dividend payout ratio of 34.6%, which means its dividend is sufficiently covered by earnings. Analysts expect SAP to earn $4.00 per share next year, meaning the company should continue to be able to cover its annual dividend of $2.26 with an expected future payout ratio. by 56.5%.
NYSE SAP opened at $103.89 on Friday. The company has a debt ratio of 0.27, a current ratio of 1.24 and a quick ratio of 1.24. SAP has a 12-month low of $103.89 and a 12-month high of $151.48. The stock has a 50-day moving average of $112.92 and a 200-day moving average of $129.24.
SAP (NYSE: SAP – Get Rating) last announced its quarterly results on Thursday, January 27. The software maker reported earnings per share (EPS) of $1.54 for the quarter, missing the consensus estimate of $1.61 per ($0.07). SAP had a net margin of 18.90% and a return on equity of 15.57%. The company posted revenue of $9.13 billion for the quarter, versus analyst estimates of $9.13 billion. As a group, stock analysts expect SAP to post earnings per share of 3.17 for the current year.
A number of institutional investors have recently increased or reduced their stake in SAP. OLD Mission Capital LLC bought a new position in SAP in the third quarter worth approximately $6,555,000. DE Shaw & Co. Inc. increased its stake in SAP shares by 1,912.8% during the fourth quarter. DE Shaw & Co. Inc. now owns 44,161 shares of the software maker valued at $6,187,000 after buying an additional 41,967 shares last quarter. State Street Corp increased its stake in SAP shares by 16.7% during the fourth quarter. State Street Corp now owns 224,826 shares of the software maker valued at $31,500,000 after buying an additional 32,158 shares last quarter. Morgan Stanley increased its stake in SAP shares by 2.1% during the second quarter. Morgan Stanley now owns 478,867 shares of the software maker valued at $67,260,000 after buying an additional 9,654 shares last quarter. Finally, Millennium Management LLC acquired a new position in shares of SAP in the fourth quarter worth approximately $1,047,000.
Several brokerages have published reports on SAP. Oppenheimer downgraded SAP from an “outperforming” rating to a “market performance” rating in a Thursday, Jan. 20, report. Cowen lowered his price target on SAP from $145.00 to $136.00 and set a “market performance” rating on the stock in a research report on Friday, January 28. StockNews.com launched coverage on SAP in a research report on Thursday, March 31. They set a “Strong Buy” rating on the stock. Credit Suisse Group launched coverage on SAP in a research report on Thursday, March 31. They set an “outperformance” rating on the stock. Finally, BMO Capital Markets raised its price target on SAP from $150.00 to $155.00 in a Wednesday, January 19 research report. Seven investment analysts gave the stock a hold rating, eight gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $115.57.
SAP Company Profile (Get a rating)
SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The Company operates through three segments: Applications, Technology and Support; Qualtrics; and services. It offers SAP S/4HANA, an ERP suite with smart technologies, such as artificial intelligence, machine learning and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions such as a human resource management system for core HR and payroll, talent management, employee experience management, and performance analytics. people ; and intelligent spend management solutions, including products marketed as SAP Ariba, SAP Concur and SAP Fieldglass.
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