SAP SE (NYSE:SAP) Shares Sold by Ethic Inc.

Ethic Inc. trimmed its holdings in shares of SAP SE (NYSE:SAP) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,444 shares of the software maker’s stock after selling 3,084 shares during the period. Ethic Inc.’s holdings in SAP were worth $16,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WCM Investment Management LLC acquired a new stake in SAP during the 4th quarter worth approximately $290,023,000. TD Asset Management Inc. lifted its holdings 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 worth $394,563,000 after purchasing an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in SAP by 145.5% during 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 period. Northern Trust Corp increased its holdings in shares of SAP by 91.2% during the fourth 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 period. Finally, Wellington Management Group LLP bought a new stake in SAP during the fourth quarter worth approximately $163,630,000.

SAP Stock Down 1.0 %

NYSE:SAP opened at $294.31 on Friday. 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 one year low of $179.43 and a one year high of $303.40. The company has a market cap of $361.56 billion, a PE ratio of 102.55, a P/E/G ratio of 4.71 and a beta of 1.35. The firm’s 50 day simple moving average is $269.93 and its 200 day simple moving average is $260.67.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. On average, research analysts anticipate that SAP SE will post 6.55 earnings per share for the current 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 given a dividend of $2.5423 per share. This is a positive change from SAP’s previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 13th. SAP’s payout ratio is 35.25%.

Analysts Set New Price Targets

Several research firms have issued reports on SAP. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities raised their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Friday, May 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price 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.