SAP SE (NYSE:SAP) Holdings Trimmed by LRI Investments LLC

LRI Investments LLC reduced its stake in shares of SAP SE (NYSE:SAP) by 25.0% during the 4th quarter, HoldingsChannel reports. The fund owned 150 shares of the software maker’s stock after selling 50 shares during the period. LRI Investments LLC’s holdings in SAP were worth $37,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fisher Asset Management LLC grew its holdings in shares of SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after acquiring an additional 403,956 shares in the last quarter. TD Asset Management Inc. lifted its stake in shares of SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after purchasing an additional 890,157 shares during the last quarter. Northern Trust Corp lifted its stake in shares of 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 purchasing an additional 701,880 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after purchasing an additional 798,037 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of SAP by 5.7% in the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker’s stock valued at $323,720,000 after purchasing an additional 70,613 shares during the last quarter.

SAP Stock Down 1.3%

SAP stock opened at $289.70 on Wednesday. The firm has a market cap of $355.90 billion, a price-to-earnings ratio of 100.94, a P/E/G ratio of 4.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a fifty-two week low of $179.43 and a fifty-two week high of $303.40. The firm has a fifty day moving average price of $270.56 and a two-hundred day moving average price of $262.02.

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

SAP Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $2.5423 per share. This is an increase from SAP’s previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a dividend yield of 0.8%. SAP’s payout ratio is presently 35.25%.

Analyst Upgrades and Downgrades

SAP has been the subject of several analyst reports. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities lifted their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Barclays reaffirmed an “overweight” rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Argus reissued a “buy” rating and set a $320.00 target price on shares of SAP in a research report on Tuesday, April 29th. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has a consensus rating of “Buy” and a consensus price target of $264.00.

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.