Nomura Asset Management Co. Ltd. Lowers Stock Position in SAP SE $SAP

Nomura Asset Management Co. Ltd. lessened its holdings in SAP SE (NYSE:SAP) by 32.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,915 shares of the software maker’s stock after selling 3,275 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in SAP were worth $1,680,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC lifted its position in shares of SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after purchasing an additional 58 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of SAP in the 3rd quarter worth approximately $27,000. Community Bank N.A. purchased a new stake in shares of SAP in the 3rd quarter worth approximately $32,000. GoalVest Advisory LLC purchased a new stake in shares of SAP in the 4th quarter worth approximately $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of SAP by 758.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after purchasing an additional 129 shares during the period.

SAP Trading Down 1.2%

Shares of SAP stock opened at $184.89 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. SAP SE has a 12-month low of $158.58 and a 12-month high of $313.28. The firm has a market capitalization of $227.14 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.09 and a beta of 1.12. The firm’s 50 day simple moving average is $173.63 and its two-hundred day simple moving average is $204.83.

SAP (NYSE:SAP) last issued its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The business had revenue of $11.06 billion for the quarter. Analysts predict that SAP SE will post 8.39 EPS for the current year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were paid a dividend of $2.9291 per share. This represents a yield of 170.0%. The ex-dividend date was Tuesday, May 5th. This is a positive change from SAP’s previous annual dividend of $2.54. SAP’s dividend payout ratio (DPR) is currently 28.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SAP shares. Piper Sandler cut shares of SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Weiss Ratings cut shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. TD Cowen reissued a “buy” rating on shares of SAP in a research report on Thursday, May 14th. Santander raised shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. Finally, Zacks Research cut shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, SAP currently has an average rating of “Moderate Buy” and an average target price of $288.00.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.