Elevation Point Wealth Partners LLC trimmed its position in shares of SAP SE (NYSE:SAP - Free Report) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,871 shares of the software maker's stock after selling 1,496 shares during the period. Elevation Point Wealth Partners LLC's holdings in SAP were worth $3,992,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in SAP. Brighton Jones LLC grew its holdings in SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after purchasing an additional 1,255 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in SAP by 127.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,155 shares of the software maker's stock valued at $13,166,000 after acquiring an additional 30,361 shares during the last quarter. Roman Butler Fullerton & Co. boosted its stake in SAP by 8.6% during the 4th quarter. Roman Butler Fullerton & Co. now owns 2,345 shares of the software maker's stock valued at $577,000 after acquiring an additional 185 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in SAP by 7.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,726 shares of the software maker's stock valued at $671,000 after acquiring an additional 180 shares during the last quarter. Finally, ABC Arbitrage SA bought a new position in SAP during the 4th quarter valued at $8,414,000.
SAP Stock Performance
Shares of SAP stock traded down $8.81 during trading hours on Friday, reaching $292.93. The company's stock had a trading volume of 1,445,001 shares, compared to its average volume of 1,063,566. The company's 50 day simple moving average is $286.70 and its 200 day simple moving average is $272.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a one year low of $188.17 and a one year high of $311.40. The stock has a market cap of $359.87 billion, a P/E ratio of 102.07, a price-to-earnings-growth ratio of 4.71 and a beta of 1.32.
SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. The firm 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, analysts expect 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. Shareholders of record on Tuesday, May 13th were paid a dividend of $2.5423 per share. This represents a yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. The ex-dividend date was Tuesday, May 13th. SAP's payout ratio is presently 35.25%.
Wall Street Analyst Weigh In
A number of research firms have commented on SAP. JMP Securities reiterated a "market outperform" rating and set a $330.00 price objective on shares of SAP in a research note on Friday, May 23rd. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Barclays reiterated an "overweight" rating and set a $308.00 price objective (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Finally, Argus reiterated a "buy" rating and set a $320.00 price objective on shares of SAP in a research note on Tuesday, April 29th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, SAP presently has a consensus rating of "Buy" and a consensus price target of $271.83.
Get Our Latest Analysis on SAP
SAP Profile
(
Free Report)
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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