Fiduciary Alliance LLC Sells 2,457 Shares of SAP SE (NYSE:SAP)

Fiduciary Alliance LLC cut its position in SAP SE (NYSE:SAP - Free Report) by 29.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,945 shares of the software maker's stock after selling 2,457 shares during the quarter. Fiduciary Alliance LLC's holdings in SAP were worth $1,596,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SAP. GAMMA Investing LLC increased its stake in shares of SAP by 31,239.5% in the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after buying an additional 1,302,061 shares during the period. WCM Investment Management LLC acquired a new stake in shares of SAP in the fourth quarter valued at about $290,023,000. TD Asset Management Inc. increased its stake in shares of SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after buying an additional 890,157 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SAP by 145.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after buying an additional 798,037 shares during the period. Finally, Northern Trust Corp increased its stake in shares of SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after buying an additional 701,880 shares during the period.

SAP Stock Up 0.5%

SAP stock traded up $1.40 during mid-day trading on Friday, reaching $310.50. The stock had a trading volume of 189,666 shares, compared to its average volume of 1,054,038. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a fifty-two week low of $186.40 and a fifty-two week high of $311.40. The stock's 50-day simple moving average is $281.12 and its 200-day simple moving average is $269.45. The firm has a market capitalization of $381.45 billion, a PE ratio of 108.21, a price-to-earnings-growth ratio of 4.71 and a beta of 1.32.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. On average, sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were issued a $2.5423 dividend. This represents a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is currently 35.25%.

Wall Street Analyst Weigh In

Several research firms recently commented on SAP. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. JMP Securities reaffirmed a "market outperform" rating and set a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Barclays reaffirmed an "overweight" rating and set a $308.00 target price (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. UBS Group raised SAP to a "strong-buy" rating in a research note on Friday, May 30th. Finally, BMO Capital Markets raised their target price on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, SAP currently has a consensus rating of "Buy" and an average price target of $271.83.

SAP Company 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.