Strategic Global Advisors LLC Has $491,000 Holdings in SAP SE (NYSE:SAP)

Strategic Global Advisors LLC lowered its holdings in SAP SE (NYSE:SAP - Free Report) by 35.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,993 shares of the software maker's stock after selling 1,113 shares during the period. Strategic Global Advisors LLC's holdings in SAP were worth $491,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Centricity Wealth Management LLC acquired a new position in shares of SAP in the fourth quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP in the fourth quarter worth about $27,000. Rakuten Securities Inc. boosted its holdings 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 worth $28,000 after buying an additional 108 shares during the period. Albion Financial Group UT boosted its holdings in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after buying an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SAP in the fourth quarter worth about $42,000.

SAP Stock Down 1.7%

NYSE SAP traded down $4.95 during trading on Friday, reaching $294.89. The company's stock had a trading volume of 1,419,949 shares, compared to its average volume of 1,054,621. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $362.27 billion, a PE ratio of 102.75, a PEG ratio of 4.71 and a beta of 1.35. The business has a 50-day moving average price of $275.53 and a 200-day moving average price of $265.38. SAP SE has a 1-year low of $179.43 and a 1-year high of $303.40.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were paid a $2.5423 dividend. The ex-dividend date was Tuesday, May 13th. This is a boost from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's payout ratio is 35.25%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SAP. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a report on Friday, May 2nd. Royal Bank of Canada restated an "outperform" rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. JMP Securities restated a "market outperform" rating and set a $330.00 price target on shares of SAP in a report on Friday. BMO Capital Markets raised their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Barclays restated an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a report on Thursday, April 24th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $271.83.

SAP Company 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.