SAP SE (NYSE:SAP) Shares Sold by Stablepoint Partners LLC

Stablepoint Partners LLC decreased its stake in SAP SE (NYSE:SAP - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,815 shares of the software maker's stock after selling 1,414 shares during the quarter. Stablepoint Partners LLC's holdings in SAP were worth $1,561,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Centricity Wealth Management LLC acquired a new stake in shares of SAP in the fourth quarter valued at about $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP in the fourth quarter worth about $27,000. Rakuten Securities Inc. lifted its stake 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 in the last quarter. Founders Capital Management lifted its stake 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 buying an additional 75 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of SAP in the fourth quarter worth about $42,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. 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 research note on Friday, May 23rd. JMP Securities reissued a "market outperform" rating and issued a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. UBS Group raised shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Finally, Wells Fargo & Company assumed coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating on the stock. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $271.83.

SAP Trading Up 0.2%

SAP stock traded up $0.74 during trading on Friday, reaching $309.84. 571,357 shares of the stock were exchanged, compared to its average volume of 1,056,189. 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 business has a 50 day moving average price of $281.12 and a 200-day moving average price of $269.45. SAP SE has a 1 year low of $186.40 and a 1 year high of $311.40. The firm has a market capitalization of $380.64 billion, a price-to-earnings ratio of 107.96, a P/E/G ratio of 4.71 and a beta of 1.32.

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

SAP Increases Dividend

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

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.