SAP SE (NYSE:SAP) Position Trimmed by Simplicity Wealth LLC

Simplicity Wealth LLC lessened its holdings in shares of SAP SE (NYSE:SAP) by 18.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,278 shares of the software maker’s stock after selling 524 shares during the quarter. Simplicity Wealth LLC’s holdings in SAP were worth $612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SAP. Brighton Jones LLC lifted its holdings in SAP by 91.1% in the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in SAP by 3.9% in the 4th quarter. Apollon Wealth Management LLC now owns 3,505 shares of the software maker’s stock worth $863,000 after purchasing an additional 130 shares during the last quarter. Portfolio Design Labs LLC acquired a new stake in SAP in the 4th quarter worth approximately $328,000. Certuity LLC lifted its holdings in SAP by 13.6% in the 4th quarter. Certuity LLC now owns 1,820 shares of the software maker’s stock worth $448,000 after purchasing an additional 218 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in SAP by 127.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,155 shares of the software maker’s stock worth $13,166,000 after purchasing an additional 30,361 shares during the last quarter.

SAP Price Performance

Shares of SAP stock opened at $299.00 on Thursday. The stock’s fifty day moving average is $284.38 and its 200-day moving average is $271.37. 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 stock has a market capitalization of $367.33 billion, a PE ratio of 104.18, a PEG ratio of 4.71 and a beta of 1.32. SAP SE has a 52 week low of $186.50 and a 52 week high of $311.40.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities research analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were paid a dividend of $2.5423 per share. This represents a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 13th. This is a positive change from SAP’s previous annual dividend of $2.39. SAP’s dividend payout ratio is 35.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SAP shares. Barclays restated an “overweight” rating and issued a $308.00 target price (up from $286.00) on shares of SAP in a report on Thursday, April 24th. BMO Capital Markets upped their price target on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a report on Friday, May 2nd. Argus reiterated a “buy” rating and set a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. Finally, Wells Fargo & Company initiated coverage on SAP in a report on Tuesday, May 20th. They set an “overweight” rating for the company. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $271.83.

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.