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

Janney Montgomery Scott LLC trimmed its position in SAP SE (NYSE:SAP - Free Report) by 54.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.

A number of other hedge funds have also added to or reduced their stakes in SAP. 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 acquiring an additional 1,255 shares during the last quarter. D.A. Davidson & CO. increased its stake in SAP by 98.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock valued at $633,000 after acquiring an additional 1,279 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in SAP by 89.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 5,511 shares of the software maker's stock valued at $1,357,000 after acquiring an additional 2,601 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in SAP in the fourth quarter valued at approximately $62,000. Finally, Global Retirement Partners LLC boosted its position in SAP by 41.3% in the fourth quarter. Global Retirement Partners LLC now owns 971 shares of the software maker's stock valued at $239,000 after buying an additional 284 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SAP shares. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. BMO Capital Markets raised their target price on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Wells Fargo & Company started coverage on shares of SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Argus restated a "buy" rating and issued a $320.00 target price on shares of SAP in a research report on Tuesday, April 29th. Finally, Barclays restated an "overweight" rating and issued a $308.00 target price (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $271.83.

SAP Price Performance

Shares of NYSE:SAP opened at $287.60 on Friday. The firm has a market cap of $353.31 billion, a PE ratio of 55.10, a price-to-earnings-growth ratio of 4.13 and a beta of 1.32. The firm's fifty day moving average is $290.31 and its 200-day moving average is $274.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. 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 quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. Sell-side analysts predict that SAP SE will post 6.55 earnings per share 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 represents a yield of 0.8%. The ex-dividend date was Tuesday, May 13th. This is an increase from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is currently 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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