Procyon Advisors LLC Sells 10,150 Shares of SAP SE (NYSE:SAP)

Procyon Advisors LLC trimmed its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 81.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,372 shares of the software maker's stock after selling 10,150 shares during the period. Procyon Advisors LLC's holdings in SAP were worth $637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Centricity Wealth Management LLC purchased a new stake in shares of SAP in the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA bought a new position in SAP in the fourth quarter worth approximately $27,000. Rakuten Securities Inc. lifted its holdings in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after buying an additional 108 shares during the period. Founders Capital Management lifted its holdings 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 buying an additional 75 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in SAP during the 4th quarter valued at $42,000.

Analyst Ratings Changes

SAP has been the subject of several recent research reports. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. JMP Securities reiterated a "market outperform" rating and issued a $330.00 target price on shares of SAP in a report on Friday, May 23rd. UBS Group upgraded shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. BMO Capital Markets lifted their price objective on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Argus reissued a "buy" rating and set a $320.00 target price on shares of SAP in a research report on Tuesday, April 29th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $271.83.

SAP Stock Performance

SAP opened at $309.84 on Friday. The company has a market cap of $380.64 billion, a P/E ratio of 107.96, a price-to-earnings-growth ratio of 4.71 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm's 50-day moving average price is $281.91 and its 200-day moving average price is $270.22. SAP SE has a 52-week low of $186.40 and a 52-week high of $311.40.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate 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 net margin of 9.17% and a return on equity of 12.18%. As a group, equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal 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 $2.5423 dividend. This is a positive change from SAP's previous annual dividend of $2.39. The ex-dividend date was Tuesday, May 13th. This represents a yield of 0.8%. SAP's dividend payout ratio (DPR) is 35.25%.

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.

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