Mar Vista Investment Partners LLC Cuts Position in SAP SE (NYSE:SAP)

Mar Vista Investment Partners LLC decreased its position in SAP SE (NYSE:SAP - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,009 shares of the software maker's stock after selling 12,065 shares during the period. SAP makes up 3.5% of Mar Vista Investment Partners LLC's holdings, making the stock its 12th biggest holding. Mar Vista Investment Partners LLC's holdings in SAP were worth $50,968,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SAP. Centricity Wealth Management LLC acquired a new position in shares of SAP during the fourth quarter valued at about $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP in the 4th quarter worth about $27,000. Rakuten Securities Inc. lifted its position in SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after acquiring an additional 108 shares in the last quarter. Albion Financial Group UT increased its holdings in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of SAP during the 4th quarter valued at approximately $42,000.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAP. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and upped their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Barclays reaffirmed an "overweight" rating and issued a $308.00 price objective (up from $286.00) on shares of SAP in a report on Thursday. Finally, BMO Capital Markets boosted their target price on shares of SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $254.67.

SAP Price Performance

NYSE SAP traded up $5.71 on Monday, hitting $283.66. The stock had a trading volume of 903,678 shares, compared to its average volume of 995,874. The firm has a 50-day moving average of $267.83 and a 200-day moving average of $257.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a 52-week low of $179.15 and a 52-week high of $293.70. The company has a market capitalization of $348.47 billion, a price-to-earnings ratio of 98.74, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28.

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

SAP Increases Dividend

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