SAP SE (NYSE:SAP) Stake Decreased by LRI Investments LLC

LRI Investments LLC lessened its holdings in shares of SAP SE (NYSE:SAP) by 25.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150 shares of the software maker’s stock after selling 50 shares during the period. LRI Investments LLC’s holdings in SAP were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Centricity Wealth Management LLC bought a new stake in shares of SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. raised its holdings in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after purchasing an additional 108 shares in the last quarter. Albion Financial Group UT raised its holdings in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in SAP during the fourth quarter worth approximately $42,000.

SAP Trading Down 1.3%

SAP stock opened at $289.70 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $355.90 billion, a price-to-earnings ratio of 100.94, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. SAP SE has a 1 year low of $179.43 and a 1 year high of $303.40. The firm’s 50 day moving average price is $270.56 and its two-hundred day moving average price is $262.02.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The firm had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $9.08 billion. On average, research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently commented on SAP. Barclays reissued an “overweight” rating and set a $308.00 target price (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Argus reissued a “buy” rating and set a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $264.00.

SAP Profile

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.