Ameriprise Financial Inc. Sells 156,707 Shares of SAP SE (NYSE:SAP)

Ameriprise Financial Inc. reduced its position in shares of SAP SE (NYSE:SAP - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,193,497 shares of the software maker's stock after selling 156,707 shares during the period. Ameriprise Financial Inc. owned approximately 0.10% of SAP worth $294,274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Centricity Wealth Management LLC bought a new stake in shares of SAP during the 4th quarter worth $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. grew its holdings in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares during the last quarter. Albion Financial Group UT increased its position in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in SAP in the 4th quarter valued at approximately $42,000.

SAP Stock Down 0.1 %

SAP traded down $0.33 during midday trading on Friday, hitting $294.00. The company had a trading volume of 705,567 shares, compared to its average volume of 1,030,557. SAP SE has a 52 week low of $179.43 and a 52 week high of $303.40. The company has a market capitalization of $361.18 billion, a price-to-earnings ratio of 102.44, a PEG ratio of 4.71 and a beta of 1.35. The stock's 50 day moving average price is $269.93 and its 200 day moving average price is $260.67. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. On average, research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. The ex-dividend date is Tuesday, May 13th. This represents a yield of 0.8%. This is an increase from SAP's previous annual dividend of $2.39. SAP's payout ratio is 35.25%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Barclays reiterated an "overweight" rating and issued a $308.00 price target (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Finally, TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and raised their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $264.00.

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.