SAP SE (NYSE:SAP) Stock Holdings Lowered by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its holdings in SAP SE (NYSE:SAP - Free Report) by 21.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,059 shares of the software maker's stock after selling 13,458 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in SAP were worth $13,438,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. grew its position in shares of SAP by 2,700.0% in the fourth 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 period. Founders Capital Management increased its stake in shares of 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 in the last quarter. Highline Wealth Partners LLC raised its position in shares of SAP by 126.2% during the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after purchasing an additional 77 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in SAP in the 4th quarter valued at about $42,000.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of research analyst reports. Piper Sandler began coverage on SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating on the stock. BMO Capital Markets upped their price objective on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. JMP Securities reissued a "market outperform" rating and issued a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Argus restated a "buy" rating and issued a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company initiated coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, SAP presently has an average rating of "Buy" and a consensus price target of $271.83.

SAP Price Performance

Shares of NYSE:SAP traded up $6.49 during trading on Tuesday, hitting $297.29. 1,211,721 shares of the stock were exchanged, compared to its average volume of 1,068,390. SAP SE has a 12-month low of $191.59 and a 12-month high of $311.40. The company has a market cap of $365.22 billion, a PE ratio of 56.95, a P/E/G ratio of 4.15 and a beta of 1.32. The company has a fifty day moving average price of $290.94 and a two-hundred day moving average price of $274.62. 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The firm 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%. On average, analysts forecast that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

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