SAP SE (NYSE:SAP) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its position in shares of SAP SE (NYSE:SAP) by 1.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 11,874 shares of the software maker’s stock after selling 225 shares during the quarter. DAVENPORT & Co LLC’s holdings in SAP were worth $3,188,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC raised its position in SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after purchasing an additional 108 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after purchasing an additional 66 shares in the last quarter. Founders Capital Management lifted its stake in SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker’s stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. Finally, Highline Wealth Partners LLC boosted its holdings in SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock worth $37,000 after buying an additional 77 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SAP shares. JMP Securities reiterated a “market outperform” rating and set a $330.00 price objective on shares of SAP in a research report on Friday, May 23rd. BMO Capital Markets upped their target price on SAP from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, May 23rd. Barclays reissued an “overweight” rating and issued a $308.00 price target (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. UBS Group raised shares of SAP to a “strong-buy” rating in a research note on Friday, May 30th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Friday, May 2nd. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $271.83.

SAP Price Performance

NYSE SAP opened at $302.76 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $371.93 billion, a price-to-earnings ratio of 58.00, a price-to-earnings-growth ratio of 4.26 and a beta of 1.30. The company has a 50 day simple moving average of $297.12 and a 200-day simple moving average of $276.90. SAP SE has a 52-week low of $194.93 and a 52-week high of $311.40.

SAP (NYSE:SAP) last released its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. SAP had a net margin of 16.33% and a return on equity of 13.66%. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. Equities research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

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

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.