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

Dividend Assets Capital LLC decreased its position in SAP SE (NYSE:SAP - Free Report) by 47.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,625 shares of the software maker's stock after selling 24,515 shares during the period. SAP makes up approximately 1.4% of Dividend Assets Capital LLC's holdings, 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.

A number of other hedge funds also recently bought and sold shares of SAP. Principal Street Partners LLC raised its position 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 during the last quarter. Oppenheimer & Co. Inc. raised its position in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after buying an additional 38 shares during the last quarter. Alaethes Wealth LLC raised its position in SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after buying an additional 39 shares during the last quarter. Lindbrook Capital LLC raised its position in SAP by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock worth $538,000 after buying an additional 43 shares during the last quarter. Finally, Addison Advisors LLC increased its position in shares of SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock valued at $390,000 after purchasing an additional 46 shares during the last quarter.

SAP Stock Performance

NYSE:SAP traded down $8.81 during trading hours on Friday, reaching $292.93. The company had a trading volume of 1,445,001 shares, compared to its average volume of 1,064,750. The firm has a market cap of $359.87 billion, a PE ratio of 102.07, a price-to-earnings-growth ratio of 4.71 and a beta of 1.32. SAP SE has a 1-year low of $186.50 and a 1-year high of $311.40. The business's 50 day moving average price is $285.59 and its 200-day moving average price is $271.84. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP - Get Free Report) last posted 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 firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. Research analysts forecast that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were paid a dividend of $2.5423 per share. This is a positive change from SAP's previous annual dividend of $2.39. The ex-dividend date was Tuesday, May 13th. This represents a yield of 0.8%. SAP's dividend payout ratio is presently 35.25%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SAP. Argus reissued a "buy" rating and issued a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Barclays reissued 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. Wells Fargo & Company began coverage on shares of SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. JMP Securities reissued a "market outperform" rating and issued a $330.00 target price on shares of SAP in a report on Friday, May 23rd. Finally, UBS Group raised shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. 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.com, the stock 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.