Qtron Investments LLC Sells 2,916 Shares of SAP SE (NYSE:SAP)

Qtron Investments LLC lessened its position in shares of SAP SE (NYSE:SAP) by 19.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,758 shares of the software maker’s stock after selling 2,916 shares during the quarter. Qtron Investments LLC’s holdings in SAP were worth $2,895,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC acquired a new position in shares of SAP in the 4th quarter valued at about $290,023,000. TD Asset Management Inc. increased its stake in SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after purchasing an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after purchasing an additional 798,037 shares in the last quarter. Wellington Management Group LLP bought a new stake in SAP in the 4th quarter valued at about $163,630,000. Finally, Raymond James Financial Inc. acquired a new position in SAP during the 4th quarter worth approximately $150,668,000.

SAP Stock Performance

NYSE:SAP opened at $259.05 on Friday. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The business has a fifty day simple moving average of $272.86 and a two-hundred day simple moving average of $254.21. The company has a market capitalization of $318.25 billion, a P/E ratio of 90.26, a P/E/G ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, analysts expect that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a $2.5423 dividend. The ex-dividend date is Tuesday, May 13th. This represents a yield of 0.8%. This is an increase from SAP’s previous annual dividend of $2.39. SAP’s dividend payout ratio (DPR) is currently 64.11%.

Analyst Upgrades and Downgrades

SAP has been the subject of several recent research reports. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays upped their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. BMO Capital Markets lifted their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $248.83.

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.