SAP SE (NYSE:SAP) Stake Cut by 1832 Asset Management L.P.

1832 Asset Management L.P. cut its stake in SAP SE (NYSE:SAPFree Report) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,074 shares of the software maker’s stock after selling 431 shares during the period. 1832 Asset Management L.P.’s holdings in SAP were worth $939,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SAP. Massachusetts Financial Services Co. MA increased its position in SAP by 3.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 123,002 shares of the software maker’s stock worth $15,907,000 after buying an additional 3,840 shares during the period. Spire Wealth Management increased its holdings in shares of SAP by 22.7% during the third quarter. Spire Wealth Management now owns 1,355 shares of the software maker’s stock valued at $175,000 after purchasing an additional 251 shares during the period. Atria Wealth Solutions Inc. increased its holdings in shares of SAP by 13.3% during the third quarter. Atria Wealth Solutions Inc. now owns 2,142 shares of the software maker’s stock valued at $277,000 after purchasing an additional 251 shares during the period. Pathstone Family Office LLC increased its holdings in shares of SAP by 142.5% during the third quarter. Pathstone Family Office LLC now owns 9,657 shares of the software maker’s stock valued at $1,249,000 after purchasing an additional 5,675 shares during the period. Finally, Huntington National Bank increased its holdings in shares of SAP by 148.2% during the third quarter. Huntington National Bank now owns 2,581 shares of the software maker’s stock valued at $334,000 after purchasing an additional 1,541 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JMP Securities raised their price target on SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday, April 23rd. Sanford C. Bernstein initiated coverage on SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price on the stock. BMO Capital Markets lifted their target price on SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Finally, KeyCorp initiated coverage on SAP in a report on Thursday, March 21st. They set an “overweight” rating on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.40.

Check Out Our Latest Research Report on SAP

SAP Trading Down 1.0 %

NYSE:SAP opened at $191.10 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. SAP SE has a 1-year low of $126.75 and a 1-year high of $199.29. The stock has a fifty day simple moving average of $187.64 and a 200 day simple moving average of $176.90.

SAP (NYSE:SAPGet Free Report) last released its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). SAP had a net margin of 15.76% and a return on equity of 9.79%. The company had revenue of $8.73 billion during the quarter, compared to analyst estimates of $8.73 billion. Equities analysts predict that SAP SE will post 4.56 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 17th were given a $2.3852 dividend. This is a positive change from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend was Thursday, May 16th. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio (DPR) is 37.53%.

About SAP

(Free Report)

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.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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