Earnest Partners LLC Has $604,000 Holdings in SAP SE (NYSE:SAP)

Earnest Partners LLC reduced its stake in SAP SE (NYSE:SAP) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,452 shares of the software maker’s stock after selling 277 shares during the period. Earnest Partners LLC’s holdings in SAP were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Atomi Financial Group Inc. lifted its position in shares of SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after acquiring an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC lifted its position in shares of SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after acquiring an additional 11,057 shares during the period. JPMorgan Chase & Co. lifted its position in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after acquiring an additional 7,667 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of SAP by 152.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after acquiring an additional 249,824 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of SAP by 98.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker’s stock valued at $633,000 after acquiring an additional 1,279 shares during the period.

SAP Price Performance

Shares of SAP opened at $285.19 on Tuesday. SAP SE has a 12-month low of $179.15 and a 12-month high of $293.70. The business has a 50-day simple moving average of $267.77 and a two-hundred day simple moving average of $257.41. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a market cap of $350.36 billion, a PE ratio of 99.37, a PEG ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP) last issued its earnings results 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 return on equity of 12.18% and a net margin of 9.17%. The business had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on SAP shares. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets upped their price objective on SAP from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has an average rating of “Buy” and a consensus target price of $254.67.

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.