DRW Securities LLC Sells 6,445 Shares of SAP SE (NYSE:SAP)

DRW Securities LLC decreased its stake in SAP SE (NYSE:SAP) by 76.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,983 shares of the software maker’s stock after selling 6,445 shares during the period. DRW Securities LLC’s holdings in SAP were worth $488,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its position in shares of SAP by 4.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after acquiring an additional 38 shares during the last quarter. Lindbrook Capital LLC lifted its position in SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock valued at $538,000 after purchasing an additional 43 shares during the last quarter. Foster Group Inc. increased its holdings in shares of SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after buying an additional 45 shares during the last quarter. Wedmont Private Capital raised its position in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after buying an additional 46 shares in the last quarter. Finally, Addison Advisors LLC lifted its holdings in shares of SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after acquiring an additional 46 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen raised shares of 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 research note on Friday, January 17th. BMO Capital Markets upped their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, JMP Securities lifted their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP currently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Stock Performance

SAP stock opened at $258.78 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a market cap of $317.91 billion, a P/E ratio of 90.17, a P/E/G ratio of 4.71 and a beta of 1.28. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The firm has a 50-day moving average of $273.24 and a 200-day moving average of $253.96.

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

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a $2.5423 dividend. This represents a dividend yield of 0.8%. This is a boost from SAP’s previous annual dividend of $2.39. The ex-dividend date is Tuesday, May 13th. SAP’s dividend payout ratio (DPR) is currently 64.11%.

About SAP

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.