SAP SE $SAP Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its stake in shares of SAP SE (NYSE:SAP) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,399 shares of the software maker’s stock after selling 4,482 shares during the quarter. Cerity Partners LLC’s holdings in SAP were worth $30,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAP. Brighton Jones LLC increased its position in shares of SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of SAP during the first quarter worth about $242,000. AQR Capital Management LLC increased its position in shares of SAP by 49.0% during the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after purchasing an additional 5,363 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of SAP during the first quarter worth about $2,681,000. Finally, Sivia Capital Partners LLC increased its position in shares of SAP by 2.3% during the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after purchasing an additional 69 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. TD Cowen reissued a “buy” rating on shares of SAP in a report on Thursday, May 14th. Barclays raised their price target on SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. The Goldman Sachs Group reissued a “buy” rating and set a $265.00 price target on shares of SAP in a report on Wednesday. Finally, BMO Capital Markets lowered their price target on SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and a consensus price target of $283.40.

SAP Stock Performance

NYSE SAP opened at $170.72 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. SAP SE has a 52-week low of $158.58 and a 52-week high of $313.28. The business’s 50-day moving average price is $174.26 and its 200 day moving average price is $203.34. The firm has a market cap of $209.72 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.00 and a beta of 1.12.

SAP (NYSE:SAP) last announced its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The company had revenue of $11.06 billion for the quarter. On average, equities research analysts expect that SAP SE will post 8.39 earnings per share for the current year.

SAP Increases Dividend

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

About SAP

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.