Dividend Assets Capital LLC Reduces Stock Position in SAP SE (NYSE:SAP)

Dividend Assets Capital LLC cut its position in shares of SAP SE (NYSE:SAP - Free Report) by 47.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,625 shares of the software maker's stock after selling 24,515 shares during the period. SAP comprises 1.4% of Dividend Assets Capital LLC's portfolio, making the stock its 25th biggest position. Dividend Assets Capital LLC's holdings in SAP were worth $7,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of SAP by 16.7% in the 1st quarter. GAMMA Investing LLC now owns 4,866 shares of the software maker's stock worth $1,306,000 after purchasing an additional 698 shares during the period. Farther Finance Advisors LLC lifted its holdings in SAP by 5.1% during the first quarter. Farther Finance Advisors LLC now owns 2,909 shares of the software maker's stock worth $786,000 after buying an additional 142 shares during the period. First Citizens Bank & Trust Co. bought a new stake in SAP during the 1st quarter valued at $215,000. Park Avenue Securities LLC increased its holdings in shares of SAP by 16.4% in the 1st quarter. Park Avenue Securities LLC now owns 23,171 shares of the software maker's stock valued at $6,220,000 after acquiring an additional 3,265 shares during the period. Finally, Wedmont Private Capital increased its holdings in shares of SAP by 6.8% in the 1st quarter. Wedmont Private Capital now owns 2,058 shares of the software maker's stock valued at $533,000 after acquiring an additional 131 shares during the period.

SAP Stock Performance

Shares of SAP stock traded down $1.04 on Tuesday, reaching $304.38. 1,022,027 shares of the stock were exchanged, compared to its average volume of 1,058,509. The business has a 50 day moving average price of $282.59 and a two-hundred day moving average price of $270.94. The firm has a market capitalization of $373.94 billion, a price-to-earnings ratio of 106.06, a PEG ratio of 4.71 and a beta of 1.32. SAP SE has a twelve month low of $186.40 and a twelve month high of $311.40. 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 the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. 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 was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a dividend of $2.5423 per share. This is an increase from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. The ex-dividend date was Tuesday, May 13th. SAP's dividend payout ratio (DPR) is currently 35.25%.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. UBS Group raised shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. BMO Capital Markets raised their target price on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Finally, Argus reaffirmed a "buy" rating and issued a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus 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.