Global Retirement Partners LLC Buys 5,500 Shares of SAP SE $SAP

Global Retirement Partners LLC lifted its stake in SAP SE (NYSE:SAP) by 384.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,930 shares of the software maker’s stock after purchasing an additional 5,500 shares during the quarter. Global Retirement Partners LLC’s holdings in SAP were worth $1,683,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new stake in shares of SAP in the third quarter valued at approximately $27,000. Copia Wealth Management bought a new stake in shares of SAP in the third quarter valued at approximately $28,000. Sound Income Strategies LLC boosted its stake in shares of SAP by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after buying an additional 58 shares during the period. Guerra Advisors Inc bought a new stake in shares of SAP in the third quarter valued at approximately $31,000. Finally, Community Bank N.A. bought a new stake in shares of SAP in the third quarter valued at approximately $32,000.

Analyst Upgrades and Downgrades

SAP has been the subject of several recent research reports. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings cut SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. Finally, Citigroup cut SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, SAP has an average rating of “Moderate Buy” and an average target price of $288.00.

SAP Stock Down 0.1%

NYSE SAP opened at $176.04 on Friday. The business has a fifty day moving average price of $173.67 and a two-hundred day moving average price of $209.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. SAP SE has a fifty-two week low of $158.58 and a fifty-two week high of $313.28. The stock has a market capitalization of $216.26 billion, a PE ratio of 23.79, a PEG ratio of 1.98 and a beta of 1.11.

SAP (NYSE:SAP) last announced its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS 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 during the quarter. Equities analysts expect that SAP SE will post 8.36 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were paid a $2.9291 dividend. This represents a dividend yield of 170.0%. The ex-dividend date was Tuesday, May 5th. This is a positive change from SAP’s previous annual dividend of $2.54. SAP’s dividend payout ratio is currently 28.78%.

SAP Profile

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.