SAP SE (NYSE:SAP) Position Reduced by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its stake in shares of SAP SE (NYSE:SAP - Free Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,199 shares of the software maker's stock after selling 890 shares during the period. Nuveen Asset Management LLC's holdings in SAP were worth $5,219,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Night Owl Capital Management LLC boosted its position in SAP by 3.0% during the 4th quarter. Night Owl Capital Management LLC now owns 227,670 shares of the software maker's stock worth $56,055,000 after purchasing an additional 6,647 shares during the period. LMR Partners LLP lifted its stake in shares of SAP by 133.3% during the fourth quarter. LMR Partners LLP now owns 70,000 shares of the software maker's stock worth $17,235,000 after purchasing an additional 40,000 shares in the last quarter. Interval Partners LP purchased a new stake in shares of SAP in the fourth quarter worth about $1,569,000. Junto Capital Management LP acquired a new stake in shares of SAP in the fourth quarter valued at about $21,552,000. Finally, Focus Partners Wealth grew its position in SAP by 4.6% in the fourth quarter. Focus Partners Wealth now owns 25,987 shares of the software maker's stock valued at $6,411,000 after acquiring an additional 1,142 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays reaffirmed an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. UBS Group upgraded SAP to a "strong-buy" rating in a research note on Friday, May 30th. Wells Fargo & Company started coverage on SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating on the stock. JMP Securities reissued a "market outperform" rating and issued a $330.00 price target on shares of SAP in a report on Friday, May 23rd. Finally, Jefferies Financial Group restated a "buy" rating on shares of SAP in a report on Friday, May 2nd. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $271.83.

SAP Stock Performance

Shares of SAP stock traded up $3.61 on Wednesday, reaching $310.00. 163,092 shares of the company were exchanged, compared to its average volume of 1,053,187. The firm has a market cap of $380.83 billion, a price-to-earnings ratio of 108.03, a P/E/G ratio of 4.71 and a beta of 1.35. SAP SE has a 1-year low of $183.23 and a 1-year high of $310.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company's 50-day moving average is $279.49 and its two-hundred day moving average is $268.63.

SAP (NYSE:SAP - Get Free Report) last issued 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 firm had revenue of $10.35 billion during 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%. As a group, research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 23rd. Stockholders 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 dividend payout ratio is presently 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.