Naples Global Advisors LLC Sells 820 Shares of SAP SE (NYSE:SAP)

Naples Global Advisors LLC cut its stake in shares of SAP SE (NYSE:SAP - Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,273 shares of the software maker's stock after selling 820 shares during the quarter. SAP makes up approximately 0.8% of Naples Global Advisors LLC's holdings, making the stock its 22nd biggest position. Naples Global Advisors LLC's holdings in SAP were worth $8,663,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position 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 acquiring an additional 249,824 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in SAP by 98.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock worth $633,000 after purchasing an additional 1,279 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in SAP by 164.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock worth $660,000 after purchasing an additional 1,667 shares during the period. Atria Wealth Solutions Inc. grew its stake in SAP by 89.4% during 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 in the last quarter. Finally, Nations Financial Group Inc. IA ADV bought a new stake in SAP in the 4th quarter valued at $518,000.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. JMP Securities reissued a "market outperform" rating and set a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday, May 30th. Barclays reaffirmed an "overweight" rating and set a $308.00 price objective (up from $286.00) on shares of SAP in a report on Thursday, April 24th. Finally, 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 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. According to MarketBeat.com, SAP presently has a consensus rating of "Buy" and an average target price of $271.83.

SAP Trading Up 0.2%

Shares of NYSE SAP traded up $0.74 during trading hours on Friday, hitting $309.84. 571,357 shares of the company traded hands, compared to its average volume of 1,055,376. The company's 50 day moving average price is $281.12 and its 200 day moving average price is $269.45. SAP SE has a 12 month low of $186.40 and a 12 month high of $311.40. The stock has a market capitalization of $380.64 billion, a price-to-earnings ratio of 107.96, a price-to-earnings-growth ratio of 4.71 and a beta of 1.32. The company has a current ratio of 1.12, a quick ratio of 1.10 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 the consensus estimate of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. On average, equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

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