AdvisorShares Investments LLC Sells 530 Shares of SAP SE (NYSE:SAP)

AdvisorShares Investments LLC decreased its position in SAP SE (NYSE:SAP) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,953 shares of the software maker’s stock after selling 530 shares during the quarter. AdvisorShares Investments LLC’s holdings in SAP were worth $727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAP. Lido Advisors LLC lifted its position in shares of SAP by 12.7% in the fourth quarter. Lido Advisors LLC now owns 4,789 shares of the software maker’s stock valued at $1,179,000 after acquiring an additional 539 shares in the last quarter. Northern Trust Corp raised its position in shares of SAP by 91.2% during the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock valued at $362,371,000 after buying an additional 701,880 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of SAP by 49.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,463 shares of the software maker’s stock valued at $1,345,000 after acquiring an additional 1,817 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of SAP by 64.9% during the 4th quarter. Integrated Wealth Concepts LLC now owns 3,693 shares of the software maker’s stock valued at $909,000 after purchasing an additional 1,454 shares during the last quarter. Finally, MGO One Seven LLC boosted its stake in shares of SAP by 67.5% during the 4th quarter. MGO One Seven LLC now owns 5,335 shares of the software maker’s stock worth $1,314,000 after purchasing an additional 2,150 shares during the period.

Analyst Ratings Changes

Several research analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of SAP from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Barclays restated an “overweight” rating and set a $308.00 price objective (up from $286.00) on shares of SAP in a research note on Thursday. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP has an average rating of “Buy” and an average target price of $254.67.

SAP Trading Up 2.6 %

NYSE SAP opened at $285.19 on Tuesday. SAP SE has a 1 year low of $179.15 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 company has a market capitalization of $350.36 billion, a PE ratio of 99.37, a P/E/G ratio of 4.71 and a beta of 1.28. The company has a fifty day moving average of $267.77 and a 200 day moving average of $257.41.

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

SAP Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $2.5423 per share. This represents a yield of 0.8%. This is an increase from SAP’s previous annual dividend of $2.39. The ex-dividend date is Tuesday, May 13th. SAP’s dividend payout ratio (DPR) is presently 35.25%.

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.