LVW Advisors LLC Sells 1,770 Shares of SAP SE (NYSE:SAP)

LVW Advisors LLC cut its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 26.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,964 shares of the software maker's stock after selling 1,770 shares during the quarter. LVW Advisors LLC's holdings in SAP were worth $1,333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAP. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of SAP by 152.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock valued at $101,969,000 after purchasing an additional 249,824 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of SAP by 98.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock valued at $633,000 after buying an additional 1,279 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of SAP by 164.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock worth $660,000 after acquiring an additional 1,667 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position 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 purchasing an additional 2,601 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV bought a new position in SAP during the 4th quarter valued at approximately $518,000.

SAP Stock Up 0.7%

Shares of SAP stock traded up $2.20 during trading hours on Tuesday, hitting $306.86. 1,256,298 shares of the company's stock traded hands, compared to its average volume of 1,056,685. The stock has a 50 day simple moving average of $278.72 and a 200-day simple moving average of $268.37. SAP SE has a twelve month low of $183.23 and a twelve month high of $308.07. The company has a market cap of $376.98 billion, a PE ratio of 106.92, a PEG ratio of 4.71 and a beta of 1.35. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SAP. Wells Fargo & Company initiated coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. UBS Group raised shares of SAP to a "strong-buy" rating in a report on Friday. Argus reissued a "buy" rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. Barclays reissued an "overweight" rating and issued a $308.00 target price (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Finally, 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. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, SAP currently has an average rating of "Buy" and an average price target of $271.83.

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.