KLR Investment Advisors LLC Lowers Stock Position in SAP SE (NYSE:SAP)

KLR Investment Advisors LLC lessened its holdings in SAP SE (NYSE:SAP - Free Report) by 86.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,347 shares of the software maker's stock after selling 8,523 shares during the period. KLR Investment Advisors LLC's holdings in SAP were worth $240,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SAP. Ameriprise Financial Inc. lifted its position in shares of SAP by 213.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker's stock worth $183,507,000 after purchasing an additional 966,450 shares during the period. Capital International Investors lifted its position in SAP by 8.1% during the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker's stock valued at $1,537,251,000 after acquiring an additional 746,386 shares during the last quarter. Lazard Asset Management LLC lifted its position in SAP by 19,468.8% during the third quarter. Lazard Asset Management LLC now owns 482,762 shares of the software maker's stock valued at $62,430,000 after acquiring an additional 480,295 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in SAP by 64.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker's stock valued at $137,160,000 after acquiring an additional 414,407 shares during the last quarter. Finally, FMR LLC lifted its position in SAP by 2.1% during the third quarter. FMR LLC now owns 5,864,247 shares of the software maker's stock valued at $758,364,000 after acquiring an additional 122,135 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently commented on SAP. BMO Capital Markets increased their target price on shares of SAP from $215.00 to $218.00 and gave the company a "market perform" rating in a research report on Friday, April 26th. KeyCorp began coverage on shares of SAP in a research report on Thursday, March 21st. They set an "overweight" rating for the company. Jefferies Financial Group raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Friday, February 2nd. JMP Securities increased their target price on shares of SAP from $204.00 to $220.00 and gave the company a "market outperform" rating in a research report on Tuesday, April 23rd. Finally, The Goldman Sachs Group raised their price target on shares of SAP from $185.00 to $207.00 and gave the stock a "buy" rating in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $206.20.

SAP Stock Performance

Shares of NYSE SAP traded down $1.14 during midday trading on Wednesday, reaching $180.07. The company had a trading volume of 622,168 shares, compared to its average volume of 774,865. The business's 50-day simple moving average is $188.27 and its 200 day simple moving average is $167.12. The stock has a market cap of $212.41 billion, a P/E ratio of 39.06, a P/E/G ratio of 3.60 and a beta of 1.25. SAP SE has a 1 year low of $126.75 and a 1 year high of $199.29. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be paid a $2.3852 dividend. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 0.9%. This is a positive change from SAP's previous annual dividend of $2.19. SAP's dividend payout ratio is presently 37.31%.

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.

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