SAP SE (SAP) To Go Ex-Dividend on May 16th

SAP SE (NYSE:SAPGet Free Report) declared an annual dividend on Wednesday, April 10th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be given a dividend of 2.3852 per share by the software maker on Tuesday, May 28th. This represents a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from SAP’s previous annual dividend of $2.19.

SAP has raised its dividend payment by an average of 8.8% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. SAP has a payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Analysts expect SAP to earn $5.99 per share next year, which means the company should continue to be able to cover its $2.23 annual dividend with an expected future payout ratio of 37.2%.

SAP Stock Up 0.8 %

NYSE:SAP opened at $185.67 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s fifty day moving average is $187.17 and its two-hundred day moving average is $161.78. SAP has a 52 week low of $126.40 and a 52 week high of $199.29.

SAP (NYSE:SAPGet Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). SAP had a return on equity of 9.54% and a net margin of 20.30%. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.98 billion. Research analysts predict that SAP will post 4.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SAP. The Goldman Sachs Group upped their price objective on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. KeyCorp began coverage on SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. Barclays upped their price objective on SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. StockNews.com raised SAP from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SAP has an average rating of “Moderate Buy” and a consensus price target of $193.80.

Check Out Our Latest Analysis on SAP

Hedge Funds Weigh In On SAP

Several hedge funds have recently made changes to their positions in SAP. Capital International Investors grew its holdings in shares of SAP by 58.2% during the first quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock worth $524,270,000 after purchasing an additional 1,729,492 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of SAP by 230.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock worth $154,173,000 after purchasing an additional 969,505 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of SAP by 7,585.8% during the fourth quarter. Jane Street Group LLC now owns 362,234 shares of the software maker’s stock worth $37,379,000 after buying an additional 357,521 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of SAP by 34.9% during the second quarter. Goldman Sachs Group Inc. now owns 1,297,116 shares of the software maker’s stock worth $177,458,000 after buying an additional 335,538 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of SAP by 29.3% during the first quarter. Bank of America Corp DE now owns 1,311,135 shares of the software maker’s stock worth $165,924,000 after buying an additional 297,217 shares during the period.

About SAP

(Get 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.

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Dividend History for SAP (NYSE:SAP)

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