SAP SE (NYSE:SAP) Shares Sold by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. lowered its stake in shares of SAP SE (NYSE:SAP - Free Report) by 30.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,862 shares of the software maker's stock after selling 32,947 shares during the quarter. Cardinal Capital Management Inc.'s holdings in SAP were worth $20,633,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centricity Wealth Management LLC acquired a new position in SAP during the 4th quarter worth $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP during the fourth quarter worth about $27,000. Rakuten Securities Inc. grew 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 worth $28,000 after purchasing an additional 108 shares in the last quarter. Founders Capital Management increased its holdings in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after buying an additional 75 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in SAP during the fourth quarter valued at approximately $42,000.

SAP Stock Performance

SAP stock traded down $1.04 during midday trading on Tuesday, reaching $304.38. 1,022,027 shares of the stock traded hands, compared to its average volume of 1,058,509. SAP SE has a fifty-two week low of $186.40 and a fifty-two week high of $311.40. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a market cap of $373.94 billion, a price-to-earnings ratio of 106.06, a PEG ratio of 4.71 and a beta of 1.32. The firm has a fifty day moving average price of $282.59 and a two-hundred day moving average price of $270.94.

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

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were paid a $2.5423 dividend. This is a boost from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a dividend yield of 0.8%. SAP's dividend payout ratio is presently 35.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays reissued an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. BMO Capital Markets raised their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Wells Fargo & Company began coverage on shares of SAP in a report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $330.00 target price on shares of SAP in a report on Friday, May 23rd. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $271.83.

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.