SAP SE (NYSE:SAP) Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC decreased its position in shares of SAP SE (NYSE:SAP - Free Report) by 28.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,923 shares of the software maker's stock after selling 1,566 shares during the period. Sendero Wealth Management LLC's holdings in SAP were worth $1,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centricity Wealth Management LLC bought a new stake in shares of SAP during the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP during the fourth quarter worth $27,000. Rakuten Securities Inc. boosted its stake in shares of SAP by 2,700.0% during 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 grew its holdings in shares of SAP by 133.9% in 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 during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of SAP during the fourth quarter worth approximately $42,000.

Analysts Set New Price Targets

Several brokerages have issued reports on SAP. Wells Fargo & Company began coverage on shares of SAP in a report on Tuesday, May 20th. They set an "overweight" rating on the stock. JMP Securities reissued a "market outperform" rating and set a $330.00 target price on shares of SAP in a research report on Friday, May 23rd. UBS Group raised SAP to a "strong-buy" rating in a research report on Friday, May 30th. BMO Capital Markets increased their price objective on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Finally, Argus reaffirmed a "buy" rating and issued a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $271.83.

SAP Price Performance

NYSE SAP traded down $0.38 during trading hours on Thursday, hitting $308.94. 666,218 shares of the company's stock traded hands, compared to its average volume of 1,055,881. The company has a market capitalization of $379.53 billion, a PE ratio of 107.64, a PEG ratio of 4.71 and a beta of 1.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a 52-week low of $185.37 and a 52-week high of $312.48. The firm's 50-day moving average is $280.32 and its 200-day moving average is $268.91.

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

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were given a dividend of $2.5423 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a boost from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) 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.