Dividend Assets Capital LLC Cuts Position in SAP SE (NYSE:SAP)

Dividend Assets Capital LLC trimmed its position in shares of SAP SE (NYSE:SAP) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,140 shares of the software maker’s stock after selling 1,301 shares during the period. SAP makes up about 2.5% of Dividend Assets Capital LLC’s holdings, making the stock its 11th largest holding. Dividend Assets Capital LLC’s holdings in SAP were worth $12,837,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of SAP by 376.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 23,794 shares of the software maker’s stock valued at $5,451,000 after acquiring an additional 18,799 shares in the last quarter. Eastern Bank acquired a new position in shares of SAP during the third quarter worth about $136,000. Private Advisor Group LLC increased its stake in shares of SAP by 6.4% during the third quarter. Private Advisor Group LLC now owns 4,310 shares of the software maker’s stock worth $987,000 after buying an additional 260 shares during the period. International Assets Investment Management LLC acquired a new stake in SAP in the third quarter valued at approximately $40,573,000. Finally, Brighton Jones LLC lifted its stake in SAP by 19.1% in the third quarter. Brighton Jones LLC now owns 1,378 shares of the software maker’s stock worth $316,000 after acquiring an additional 221 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have commented on SAP. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Barclays increased their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets raised their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Stock Performance

Shares of SAP stock opened at $282.87 on Friday. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $347.50 billion, a price-to-earnings ratio of 98.56, a PEG ratio of 4.71 and a beta of 1.23. The stock’s 50-day moving average is $265.88 and its two-hundred day moving average is $241.18.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Analysts predict that SAP SE will post 6.55 earnings per share for the current year.

SAP Company Profile

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.