Mercer Global Advisors Inc. ADV Sells 11,235 Shares of SAP SE (NYSE:SAP)

Mercer Global Advisors Inc. ADV trimmed its holdings in SAP SE (NYSE:SAP - Free Report) by 16.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,896 shares of the software maker's stock after selling 11,235 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in SAP were worth $14,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cypress Advisory Group LLC acquired a new stake in SAP in the 4th quarter worth $1,408,000. Keel Point LLC grew its position in SAP by 9.4% during the fourth quarter. Keel Point LLC now owns 3,013 shares of the software maker's stock worth $742,000 after buying an additional 259 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in SAP by 16.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 2,519 shares of the software maker's stock valued at $620,000 after acquiring an additional 364 shares during the period. Lido Advisors LLC raised its holdings in SAP by 12.7% in the 4th quarter. Lido Advisors LLC now owns 4,789 shares of the software maker's stock valued at $1,179,000 after acquiring an additional 539 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after acquiring an additional 701,880 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on SAP. Royal Bank of Canada restated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets increased their price objective on shares of SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. JMP Securities lifted their target price on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Finally, TD Cowen upgraded 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 research note on Friday, January 17th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $264.00.

SAP Price Performance

Shares of SAP stock opened at $301.79 on Friday. The stock has a market capitalization of $370.75 billion, a price-to-earnings ratio of 105.15, a P/E/G ratio of 4.71 and a beta of 1.28. The firm's 50-day moving average price is $268.42 and its two-hundred day moving average price is $258.79. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 1-year low of $179.43 and a 1-year high of $302.68.

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

SAP Increases Dividend

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

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