Janney Montgomery Scott LLC Sells 33,046 Shares of SAP SE (NYSE:SAP)

Janney Montgomery Scott LLC trimmed its stake in SAP SE (NYSE:SAP - Free Report) by 54.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,431 shares of the software maker's stock after selling 33,046 shares during the quarter. Janney Montgomery Scott LLC's holdings in SAP were worth $7,364,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SAP. Centricity Wealth Management LLC bought a new stake in SAP in the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP in the 4th quarter valued at $27,000. Rakuten Securities Inc. lifted its holdings in SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares during the last quarter. Founders Capital Management boosted its position in SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after purchasing an additional 75 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SAP in the fourth quarter valued at $42,000.

SAP Price Performance

SAP stock traded down $3.81 during midday trading on Wednesday, reaching $293.27. The company had a trading volume of 970,565 shares, compared to its average volume of 1,070,967. SAP SE has a 1-year low of $194.93 and a 1-year high of $311.40. The stock has a 50 day moving average price of $291.64 and a 200-day moving average price of $274.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $360.28 billion, a price-to-earnings ratio of 56.18, a price-to-earnings-growth ratio of 4.24 and a beta of 1.32.

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. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. Equities research analysts expect that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. UBS Group raised shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Wells Fargo & Company started coverage on SAP in a report on Tuesday, May 20th. They set an "overweight" rating for the company. JMP Securities reaffirmed a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. Finally, Argus reiterated a "buy" rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $271.83.

About SAP

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.