Calamos Advisors LLC Sells 451 Shares of SAP SE (NYSE:SAP)

Calamos Advisors LLC trimmed its holdings in SAP SE (NYSE:SAP) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,345 shares of the software maker’s stock after selling 451 shares during the quarter. Calamos Advisors LLC’s holdings in SAP were worth $1,290,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. increased its position in SAP by 364.7% during the first quarter. JPMorgan Chase & Co. now owns 113,250 shares of the software maker’s stock valued at $12,567,000 after acquiring an additional 88,881 shares during the last quarter. American Century Companies Inc. increased its position in shares of SAP by 6.0% during the 1st quarter. American Century Companies Inc. now owns 21,703 shares of the software maker’s stock valued at $2,408,000 after purchasing an additional 1,229 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in shares of SAP by 38.1% in the 1st quarter. Cetera Advisor Networks LLC now owns 2,630 shares of the software maker’s stock worth $292,000 after purchasing an additional 726 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of SAP by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 106,983 shares of the software maker’s stock worth $11,871,000 after buying an additional 1,622 shares during the last quarter. Finally, Sei Investments Co. grew its position in SAP by 6.0% during the first quarter. Sei Investments Co. now owns 129,904 shares of the software maker’s stock valued at $14,431,000 after buying an additional 7,407 shares during the period.

Analysts Set New Price Targets

SAP has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Barclays upped their price target on SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. BMO Capital Markets raised their price objective on SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. KeyCorp started coverage on SAP in a research note on Thursday, March 21st. They set an “overweight” rating for the company. Finally, StockNews.com cut shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and a consensus target price of $193.80.

SAP Trading Down 1.6 %

SAP stock opened at $175.77 on Monday. SAP SE has a 12-month low of $126.40 and a 12-month high of $199.29. The firm has a 50-day moving average price of $187.15 and a 200-day moving average price of $164.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.17). The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.98 billion. SAP had a return on equity of 9.54% and a net margin of 20.30%. Research analysts expect that SAP SE will post 4.77 EPS for the current year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be given a $2.3852 dividend. This represents a yield of 0.9%. The ex-dividend date is Thursday, May 16th. This is an increase from SAP’s previous annual dividend of $2.19. SAP’s dividend payout ratio is 27.71%.

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.