SAP SE (NYSE:SAP) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lessened its holdings in SAP SE (NYSE:SAP) by 22.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,935 shares of the software maker’s stock after selling 546 shares during the period. OLD National Bancorp IN’s holdings in SAP were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Contravisory Investment Management Inc. lifted its stake in SAP by 5.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,437 shares of the software maker’s stock worth $222,000 after acquiring an additional 70 shares in the last quarter. Blue Trust Inc. lifted its stake in SAP by 5.8% during the 4th quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock worth $210,000 after acquiring an additional 75 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in SAP by 1.8% during the 3rd quarter. Axxcess Wealth Management LLC now owns 4,586 shares of the software maker’s stock worth $593,000 after acquiring an additional 79 shares in the last quarter. Argonautica Private Wealth Management Inc. raised its position in SAP by 3.5% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 2,446 shares of the software maker’s stock valued at $316,000 after purchasing an additional 82 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in SAP by 18.6% in the 4th quarter. Global Retirement Partners LLC now owns 630 shares of the software maker’s stock valued at $99,000 after purchasing an additional 99 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAP. BMO Capital Markets increased their price objective on SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. KeyCorp assumed coverage on SAP in a report on Thursday, March 21st. They issued an “overweight” rating on the stock. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays dropped their price target on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.60.

SAP Stock Down 1.6 %

SAP stock opened at $185.08 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $187.77 and a two-hundred day moving average of $165.42. SAP SE has a twelve month low of $126.75 and a twelve month high of $199.29.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.17). The business had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. SAP had a net margin of 15.76% and a return on equity of 9.81%. As a group, research analysts expect that SAP SE will post 4.69 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be issued a dividend of $2.3852 per share. The ex-dividend date is Thursday, May 16th. This is a boost from SAP’s previous annual dividend of $2.19. This represents a yield of 0.9%. SAP’s payout ratio is currently 34.92%.

SAP Company Profile

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.