Community Financial Services Group LLC Has $316,000 Holdings in SAP SE (NYSE:SAP)

Community Financial Services Group LLC lessened its stake in SAP SE (NYSE:SAP) by 31.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,176 shares of the software maker’s stock after selling 529 shares during the quarter. Community Financial Services Group LLC’s holdings in SAP were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAP. Principal Street Partners LLC raised its stake in SAP by 1.0% during the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker’s stock worth $908,000 after acquiring an additional 35 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after acquiring an additional 38 shares in the last quarter. Alaethes Wealth LLC raised its stake in SAP by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker’s stock worth $2,730,000 after acquiring an additional 39 shares in the last quarter. D Orazio & Associates Inc. raised its stake in SAP by 3.1% during the first quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker’s stock worth $367,000 after acquiring an additional 41 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after acquiring an additional 43 shares in the last quarter.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research analyst reports. Argus reissued a “buy” rating and set a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. Barclays reissued an “overweight” rating and set a $308.00 target price (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. BMO Capital Markets boosted their target price on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research note on Friday, May 2nd. Finally, UBS Group upgraded SAP to a “strong-buy” rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, SAP has an average rating of “Buy” and a consensus price target of $271.83.

SAP Stock Performance

NYSE:SAP opened at $291.02 on Tuesday. The stock has a market cap of $357.52 billion, a P/E ratio of 55.75, a price-to-earnings-growth ratio of 4.15 and a beta of 1.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average is $290.94 and its 200-day moving average is $274.62. SAP SE has a 1-year low of $191.59 and a 1-year high of $311.40.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The business had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $9.08 billion. Equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a $2.5423 dividend. The ex-dividend date was Tuesday, May 13th. This is a boost from SAP’s previous annual dividend of $2.39. This represents a yield of 0.8%. 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.