Ellevest Inc. Reduces Holdings in SAP SE (NYSE:SAP)

Ellevest Inc. lowered its position in shares of SAP SE (NYSE:SAP - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,917 shares of the software maker's stock after selling 1,497 shares during the period. Ellevest Inc.'s holdings in SAP were worth $3,180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAP. Centricity Wealth Management LLC acquired a new position in SAP in the fourth quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the fourth quarter valued at $27,000. Rakuten Securities Inc. boosted its stake in SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after acquiring an additional 108 shares in the last quarter. Albion Financial Group UT boosted its stake in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in SAP in the fourth quarter valued at $42,000.

SAP Price Performance

SAP traded down $0.33 on Friday, hitting $294.00. 705,567 shares of the company were exchanged, compared to its average volume of 1,032,520. 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 business's fifty day moving average is $270.23 and its 200 day moving average is $261.44. SAP SE has a fifty-two week low of $179.43 and a fifty-two week high of $303.40. The firm has a market capitalization of $361.18 billion, a P/E ratio of 102.44, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. As a group, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. 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 is Tuesday, May 13th. SAP's dividend payout ratio is presently 35.25%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SAP. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Barclays reaffirmed 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. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a report on Friday, May 2nd. BMO Capital Markets increased their price target on shares of SAP from $300.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and increased their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $264.00.

SAP 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.