Highland Capital Management LLC Cuts Stock Holdings in SAP SE (NYSE:SAP)

Highland Capital Management LLC lowered its stake in shares of SAP SE (NYSE:SAP - Free Report) by 7.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,535 shares of the software maker's stock after selling 1,215 shares during the quarter. Highland Capital Management LLC's holdings in SAP were worth $4,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Brighton Jones LLC increased its stake in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after purchasing an additional 1,255 shares during the last quarter. Private Advisor Group LLC grew its position in shares of SAP by 11.5% in the 4th quarter. Private Advisor Group LLC now owns 4,805 shares of the software maker's stock valued at $1,183,000 after buying an additional 495 shares during the last quarter. Wealthspire Advisors LLC grew its position in shares of SAP by 12.7% in the 4th quarter. Wealthspire Advisors LLC now owns 1,449 shares of the software maker's stock valued at $357,000 after buying an additional 163 shares during the last quarter. IFP Advisors Inc grew its position in shares of SAP by 59.2% in the 4th quarter. IFP Advisors Inc now owns 1,342 shares of the software maker's stock valued at $331,000 after buying an additional 499 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of SAP by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 348,233 shares of the software maker's stock valued at $85,738,000 after buying an additional 3,715 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SAP shares. BMO Capital Markets raised their price objective on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Piper Sandler initiated coverage on SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. JMP Securities restated a "market outperform" rating and set a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. Finally, Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, SAP presently has an average rating of "Buy" and a consensus price target of $271.83.

SAP Trading Up 1.9%

Shares of SAP stock opened at $301.29 on Friday. The business's 50 day moving average is $293.95 and its two-hundred day moving average is $275.55. SAP SE has a twelve month low of $194.93 and a twelve month high of $311.40. The company has a market capitalization of $370.13 billion, a P/E ratio of 57.72, a price-to-earnings-growth ratio of 4.22 and a beta of 1.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share 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 company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. Equities 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. Stockholders of record on Tuesday, May 13th were issued a $2.5423 dividend. This is an increase 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 payout ratio is presently 35.25%.

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.

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