Eventide Asset Management LLC Reduces Stake in SAP SE $SAP

Eventide Asset Management LLC trimmed its stake in SAP SE (NYSE:SAP) by 50.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,121 shares of the software maker’s stock after selling 12,204 shares during the quarter. Eventide Asset Management LLC’s holdings in SAP were worth $2,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its stake in SAP by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after acquiring an additional 58 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in SAP in the third quarter valued at about $27,000. Community Bank N.A. purchased a new position in SAP in the third quarter valued at about $32,000. GoalVest Advisory LLC purchased a new position in SAP in the fourth quarter valued at about $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after acquiring an additional 129 shares during the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $164.33 on Monday. The stock has a market capitalization of $201.87 billion, a P/E ratio of 22.21, a PEG ratio of 1.84 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $173.97 and its 200 day moving average is $202.30. SAP SE has a 12 month low of $158.58 and a 12 month high of $313.28.

SAP (NYSE:SAP) last announced its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The company had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. On average, sell-side analysts anticipate that SAP SE will post 8.37 earnings per share for the current year.

SAP Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a dividend of $2.9291 per share. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a yield of 170.0%. SAP’s payout ratio is currently 28.92%.

Analysts Set New Price Targets

A number of research analysts have weighed in on SAP shares. Piper Sandler cut shares of SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. BMO Capital Markets dropped their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Weiss Ratings cut shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $265.00 price target on shares of SAP in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $283.40.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.