SAP SE (NYSE:SAP) Shares Sold by Strategic Global Advisors LLC

Strategic Global Advisors LLC lowered its position in shares of SAP SE (NYSE:SAP) by 35.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,993 shares of the software maker’s stock after selling 1,113 shares during the period. Strategic Global Advisors LLC’s holdings in SAP were worth $491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Strive Asset Management LLC acquired a new position in shares of SAP during the fourth quarter worth $743,000. Toronto Dominion Bank grew its stake in shares of SAP by 149.0% during the fourth quarter. Toronto Dominion Bank now owns 1,758 shares of the software maker’s stock worth $432,000 after purchasing an additional 1,052 shares in the last quarter. Snowden Capital Advisors LLC boosted its stake in SAP by 185.1% in the fourth quarter. Snowden Capital Advisors LLC now owns 10,311 shares of the software maker’s stock valued at $2,539,000 after acquiring an additional 6,695 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in SAP by 1.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 37,272 shares of the software maker’s stock valued at $9,177,000 after acquiring an additional 471 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in SAP by 4.9% in the fourth quarter. Royal Bank of Canada now owns 758,241 shares of the software maker’s stock valued at $186,688,000 after acquiring an additional 35,721 shares in the last quarter.

SAP Trading Up 0.7%

NYSE SAP opened at $296.46 on Monday. The stock has a market capitalization of $364.20 billion, a P/E ratio of 103.30, a P/E/G ratio of 4.71 and a beta of 1.35. SAP SE has a 52-week low of $179.43 and a 52-week high of $303.40. The firm has a 50-day moving average price of $272.18 and a 200 day moving average price of $263.33. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $9.08 billion. Equities research analysts expect that SAP SE will post 6.55 EPS 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 issued a $2.5423 dividend. The ex-dividend date is Tuesday, May 13th. This is a boost from SAP’s previous annual dividend of $2.39. This represents a yield of 0.8%. SAP’s dividend payout ratio (DPR) is 35.25%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SAP. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Friday, May 2nd. BMO Capital Markets upped their price objective on shares of SAP from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Barclays restated an “overweight” rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, Argus reaffirmed a “buy” rating and issued a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $264.00.

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.