SAP SE (NYSE:SAP) Position Trimmed by Bank of Nova Scotia

Bank of Nova Scotia decreased its holdings in shares of SAP SE (NYSE:SAP – Get Rating) by 29.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,668 shares of the software maker’s stock after selling 6,508 shares during the period. Bank of Nova Scotia’s holdings in SAP were worth $1,619,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Investments LP increased its stake in SAP by 50.3% during the third quarter. Two Sigma Investments LP now owns 398,500 shares of the software maker’s stock valued at $32,378,000 after purchasing an additional 133,298 shares during the last quarter. PFS Investments Inc. grew its position in shares of SAP by 6.3% during the third quarter. PFS Investments Inc. now owns 38,542 shares of the software maker’s stock worth $3,132,000 after acquiring an additional 2,290 shares during the last quarter. Sage Rhino Capital LLC bought a new position in shares of SAP during the fourth quarter worth about $334,000. Seven Eight Capital LP bought a new position in shares of SAP during the third quarter worth about $367,000. Finally, Stonegate Investment Group LLC grew its position in shares of SAP by 31.5% during the fourth quarter. Stonegate Investment Group LLC now owns 3,456 shares of the software maker’s stock worth $357,000 after acquiring an additional 827 shares during the last quarter. Institutional investors own 5.23% of the company’s stock.

SAP Trading Up 0.3 %

Shares of SAP stock opened at $134.28 on Monday. SAP SE has a 12 month low of $78.22 and a 12 month high of $137.32. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $128.49 and its two-hundred day moving average is $117.42. The company has a market cap of $158.39 billion, a PE ratio of 75.02, a price-to-earnings-growth ratio of 2.46 and a beta of 1.19.

SAP Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Monday, May 22nd. Shareholders of record on Monday, May 15th will be issued a dividend of $2.1864 per share. The ex-dividend date is Friday, May 12th. This represents a yield of 1.3%. SAP’s dividend payout ratio (DPR) is presently 89.94%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of SAP from $134.00 to $136.00 in a research report on Monday, April 24th. Citigroup upgraded shares of SAP from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 25th. Sanford C. Bernstein increased their target price on shares of SAP from $154.00 to $169.00 in a research report on Thursday, May 11th. JMP Securities increased their target price on shares of SAP from $170.00 to $179.00 in a research report on Wednesday, May 17th. Finally, BMO Capital Markets increased their target price on shares of SAP from $125.00 to $140.00 in a research report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and a consensus target price of $126.20.

SAP Profile

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SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Support; Qualtrics; and Services. The Applications, Technology, and Services segment includes sale of software licenses, support offerings, and cloud subscriptions.