Voya Investment Management LLC Decreases Holdings in SAP SE (NYSE:SAP)

Voya Investment Management LLC lessened its position in SAP SE (NYSE:SAP - Free Report) by 18.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 210,892 shares of the software maker's stock after selling 46,783 shares during the period. Voya Investment Management LLC's holdings in SAP were worth $51,924,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of SAP. Centricity Wealth Management LLC bought a new stake in SAP during the 4th quarter valued at $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 boosted its stake in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in SAP during the 4th quarter worth approximately $42,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SAP shares. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Barclays reaffirmed an "overweight" rating and set a $308.00 price objective (up from $286.00) on shares of SAP in a report on Thursday, April 24th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and upped their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Argus restated a "buy" rating and issued a $320.00 price objective on shares of SAP in a research note on Tuesday. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $264.00.

SAP Stock Performance

Shares of SAP traded down $2.73 during trading hours on Wednesday, hitting $289.82. The company's stock had a trading volume of 1,608,803 shares, compared to its average volume of 1,006,696. The company has a market cap of $356.05 billion, a price-to-earnings ratio of 100.98, a PEG ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The business has a 50 day simple moving average of $267.85 and a two-hundred day simple moving average of $257.66. SAP SE has a 52-week low of $179.15 and a 52-week high of $293.70.

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. The business had revenue of $10.35 billion for 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 expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

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