Marietta Investment Partners LLC Sells 21,735 Shares of SAP SE $SAP

Marietta Investment Partners LLC lowered its stake in shares of SAP SE (NYSE:SAP) by 93.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,416 shares of the software maker’s stock after selling 21,735 shares during the quarter. Marietta Investment Partners LLC’s holdings in SAP were worth $344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Fisher Asset Management LLC boosted its position in SAP by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock worth $3,577,793,000 after purchasing an additional 179,550 shares during the last quarter. Bank of America Corp DE boosted its position in SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after purchasing an additional 973,779 shares during the last quarter. Windacre Partnership LLC boosted its position in SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after purchasing an additional 1,336,325 shares during the last quarter. Northern Trust Corp boosted its position in SAP by 3.2% in the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock worth $417,113,000 after purchasing an additional 49,111 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in SAP by 2.8% in the third quarter. Ameriprise Financial Inc. now owns 1,120,408 shares of the software maker’s stock worth $296,828,000 after purchasing an additional 30,806 shares during the last quarter.

SAP Price Performance

SAP opened at $180.92 on Thursday. The stock’s 50 day simple moving average is $172.99 and its 200 day simple moving average is $205.38. 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 1 year low of $158.58 and a 1 year high of $313.28. The firm has a market cap of $222.26 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.13 and a beta of 1.12.

SAP (NYSE:SAP) last posted its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The business had revenue of $11.06 billion for the quarter. As a group, analysts predict that SAP SE will post 8.39 earnings per share for the current year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a dividend of $2.9291 per share. This represents a 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 28.92%.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of recent research reports. Zacks Research cut SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. HSBC raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings lowered SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. Finally, BMO Capital Markets decreased their target price on SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

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.