SAP SE (NYSE:SAP) Stock Position Reduced by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. lessened its stake in shares of SAP SE (NYSE:SAP - Free Report) by 28.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,692 shares of the software maker's stock after selling 1,068 shares during the quarter. YHB Investment Advisors Inc.'s holdings in SAP were worth $723,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 buying an additional 249,824 shares during the period. D.A. Davidson & CO. increased its holdings in shares of SAP by 98.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock worth $633,000 after buying an additional 1,279 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of SAP by 164.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock worth $660,000 after buying an additional 1,667 shares during the period. Deutsche Bank AG boosted its holdings in SAP by 41.3% in the fourth quarter. Deutsche Bank AG now owns 4,773 shares of the software maker's stock valued at $1,175,000 after acquiring an additional 1,396 shares during the last quarter. Finally, National Bank of Canada FI grew its position in SAP by 3.3% during the fourth quarter. National Bank of Canada FI now owns 75,692 shares of the software maker's stock valued at $18,636,000 after acquiring an additional 2,445 shares during the period.

SAP Stock Down 1.3%

NYSE:SAP traded down $3.81 on Wednesday, reaching $293.27. The stock had a trading volume of 970,563 shares, compared to its average volume of 1,069,474. The company has a 50-day moving average of $291.64 and a 200 day moving average of $274.78. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The stock has a market cap of $360.28 billion, a P/E ratio of 56.18, a price-to-earnings-growth ratio of 4.20 and a beta of 1.32. SAP SE has a 12-month low of $192.41 and a 12-month high of $311.40.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The firm had revenue of $10.35 billion during 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 announced an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were given a $2.5423 dividend. The ex-dividend date was Tuesday, May 13th. This represents a dividend yield of 0.8%. This is an increase from SAP's previous annual dividend of $2.39. SAP's payout ratio is presently 35.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SAP shares. JMP Securities restated a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. Piper Sandler began coverage on shares of SAP in a report on Tuesday, June 17th. They issued an "overweight" rating on the stock. BMO Capital Markets boosted their price objective 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. Wells Fargo & Company initiated coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating on the stock. Finally, UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target 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.