Envestnet Portfolio Solutions Inc. decreased its position in shares of SAP SE (NYSE:SAP - Free Report) by 48.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,211 shares of the software maker's stock after selling 15,185 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in SAP were worth $4,352,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in SAP. Roman Butler Fullerton & Co. increased its holdings in shares of SAP by 2.6% in the first quarter. Roman Butler Fullerton & Co. now owns 2,405 shares of the software maker's stock worth $630,000 after buying an additional 60 shares during the period. Wolf Group Capital Advisors purchased a new position in shares of SAP in the first quarter worth about $269,000. Clarius Group LLC increased its holdings in shares of SAP by 23.8% in the first quarter. Clarius Group LLC now owns 4,041 shares of the software maker's stock worth $1,085,000 after buying an additional 778 shares during the period. Rakuten Securities Inc. increased its holdings in SAP by 1,300.0% during the 1st quarter. Rakuten Securities Inc. now owns 1,568 shares of the software maker's stock valued at $421,000 after purchasing an additional 1,456 shares during the period. Finally, Louisbourg Investments Inc. increased its holdings in SAP by 35.7% during the 1st quarter. Louisbourg Investments Inc. now owns 4,180 shares of the software maker's stock valued at $1,122,000 after purchasing an additional 1,100 shares during the period.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on SAP. Barclays restated an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. BMO Capital Markets boosted their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. JMP Securities restated a "market outperform" rating and set a $330.00 price target on shares of SAP in a report on Friday, May 23rd. Piper Sandler began coverage on SAP in a report on Tuesday, June 17th. They set an "overweight" rating on the stock. Finally, Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $271.83.
Read Our Latest Research Report on SAP
SAP Stock Down 0.8%
Shares of SAP stock traded down $2.21 during midday trading on Friday, hitting $287.60. The company had a trading volume of 1,298,391 shares, compared to its average volume of 1,068,401. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $353.31 billion, a P/E ratio of 55.10, a P/E/G ratio of 4.15 and a beta of 1.32. The company has a 50 day moving average of $290.31 and a 200 day moving average of $274.36. SAP SE has a 52-week low of $191.59 and a 52-week high of $311.40.
SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. On average, equities analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.
SAP Increases Dividend
The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a $2.5423 dividend. This is a boost 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%.
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.
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