Arlington Partners LLC decreased its stake in SAP SE (NYSE:SAP - Free Report) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,861 shares of the software maker's stock after selling 1,714 shares during the period. Arlington Partners LLC's holdings in SAP were worth $4,258,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Principal Street Partners LLC lifted its holdings in SAP by 1.0% in the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock worth $908,000 after buying an additional 35 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after acquiring an additional 38 shares during the last quarter. Alaethes Wealth LLC lifted its stake in shares of SAP by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after acquiring an additional 39 shares in the last quarter. D Orazio & Associates Inc. boosted its holdings in SAP by 3.1% in the first quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock valued at $367,000 after purchasing an additional 41 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in SAP by 2.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock valued at $538,000 after purchasing an additional 43 shares in the last quarter.
SAP Stock Performance
Shares of NYSE:SAP traded down $3.81 during trading on Wednesday, reaching $293.27. 970,565 shares of the company's stock traded hands, compared to its average volume of 1,069,474. 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 company has a 50 day moving average of $291.64 and a 200-day moving average of $274.78. SAP SE has a 12 month low of $192.41 and a 12 month high of $311.40. The stock has a market capitalization of $360.28 billion, a P/E ratio of 56.18, a price-to-earnings-growth ratio of 4.20 and a beta of 1.32.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. On average, equities analysts expect that SAP SE will post 6.55 EPS for the current 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 issued a dividend of $2.5423 per share. This is an increase from SAP's previous annual dividend of $2.39. The ex-dividend date was Tuesday, May 13th. This represents a dividend yield of 0.8%. SAP's payout ratio is 35.25%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on SAP shares. Wells Fargo & Company started coverage on SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Barclays reaffirmed an "overweight" rating and issued a $308.00 price target (up from $286.00) on shares of SAP in a report on Thursday, April 24th. Piper Sandler began coverage on shares of SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating on the stock. Argus reaffirmed a "buy" rating and set a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Finally, UBS Group raised SAP to a "strong-buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SAP currently has an average rating of "Buy" and an average target price of $271.83.
View Our Latest Stock Report on SAP
About SAP
(
Free Report)
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.
Read More
Before you consider SAP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SAP wasn't on the list.
While SAP currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
