Timber Creek Capital Management LLC Sells 3,879 Shares of SAP SE (NYSE:SAP)

Timber Creek Capital Management LLC reduced its stake in SAP SE (NYSE:SAP - Free Report) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,609 shares of the software maker's stock after selling 3,879 shares during the quarter. SAP comprises approximately 2.0% of Timber Creek Capital Management LLC's holdings, making the stock its 14th largest position. Timber Creek Capital Management LLC's holdings in SAP were worth $7,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAP. Connor Clark & Lunn Investment Management Ltd. lifted its position in SAP by 152.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock valued at $101,969,000 after acquiring an additional 249,824 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of SAP by 164.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock valued at $660,000 after purchasing an additional 1,667 shares in the last quarter. Deutsche Bank AG increased its holdings in SAP by 41.3% in the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker's stock worth $1,175,000 after buying an additional 1,396 shares in the last quarter. National Bank of Canada FI raised its position in SAP by 3.3% in the 4th quarter. National Bank of Canada FI now owns 75,692 shares of the software maker's stock worth $18,636,000 after buying an additional 2,445 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in SAP by 473.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,081 shares of the software maker's stock valued at $502,000 after acquiring an additional 1,718 shares during the period.

SAP Trading Up 1.5%

Shares of SAP stock opened at $302.76 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a fifty day simple moving average of $297.12 and a two-hundred day simple moving average of $276.90. The firm has a market capitalization of $371.93 billion, a PE ratio of 58.00, a PEG ratio of 4.26 and a beta of 1.30. SAP SE has a 52-week low of $194.93 and a 52-week high of $311.40.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly 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 company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. On average, analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Shareholders 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. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 13th. SAP's dividend payout ratio (DPR) is presently 35.25%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SAP. Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Barclays reaffirmed an "overweight" rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. JMP Securities restated a "market outperform" rating and set a $330.00 price target 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. Finally, Argus reiterated a "buy" rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $271.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.