Hsbc Holdings PLC Has $479,000 Stake in SAP SE (NYSE:SAP)

Hsbc Holdings PLC lowered its position in shares of SAP SE (NYSE:SAP - Free Report) by 93.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,932 shares of the software maker's stock after selling 27,098 shares during the quarter. Hsbc Holdings PLC's holdings in SAP were worth $479,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC acquired a new stake in SAP during the 3rd quarter worth about $227,000. Principal Financial Group Inc. raised its holdings in shares of SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock valued at $140,111,000 after acquiring an additional 4,775 shares during the period. Canandaigua National Bank & Trust Co. lifted its position in shares of SAP by 31.3% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 5,346 shares of the software maker's stock valued at $1,316,000 after acquiring an additional 1,275 shares in the last quarter. Park National Corp OH acquired a new position in SAP in the 4th quarter worth approximately $416,000. Finally, Fulton Bank N.A. purchased a new position in SAP during the 4th quarter worth approximately $236,000.

SAP Stock Performance

SAP stock traded down $0.33 during midday trading on Friday, hitting $294.00. 705,567 shares of the company traded hands, compared to its average volume of 1,030,557. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a twelve month low of $179.43 and a twelve month high of $303.40. The business has a 50 day simple moving average of $270.23 and a 200-day simple moving average of $261.10. The stock has a market capitalization of $361.18 billion, a price-to-earnings ratio of 102.44, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP - Get Free Report) last issued 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. SAP had a net margin of 9.17% and a return on equity of 12.18%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. As a group, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The firm 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 $2.5423 dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio is 35.25%.

Analyst Ratings Changes

SAP has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. BMO Capital Markets increased their price target on shares of SAP from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Finally, TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and lifted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP currently has a consensus rating of "Buy" and an average price target of $264.00.

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.