SAP SE $SAP Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in SAP SE (NYSE:SAP) by 15.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 36,263 shares of the software maker’s stock after selling 6,874 shares during the period. Corient Private Wealth LLC’s holdings in SAP were worth $8,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sound Income Strategies LLC raised its stake in SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after acquiring an additional 58 shares during the last quarter. Bayban acquired a new position in shares of SAP in the fourth quarter valued at approximately $28,000. Community Bank N.A. acquired a new position in shares of SAP in the third quarter valued at approximately $32,000. GoalVest Advisory LLC purchased a new stake in shares of SAP during the fourth quarter worth approximately $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of SAP by 758.8% during the fourth 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.

Analyst Ratings Changes

Several equities analysts have issued reports on SAP shares. Piper Sandler cut shares of SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Barclays raised their target price on shares of SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, BMO Capital Markets lowered their price objective on SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $283.40.

SAP Stock Down 0.3%

SAP stock opened at $152.85 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50 day simple moving average is $172.08 and its 200-day simple moving average is $197.54. SAP SE has a 12 month low of $149.19 and a 12 month high of $313.28. The firm has a market capitalization of $187.77 billion, a PE ratio of 20.66, a P/E/G ratio of 1.75 and a beta of 1.12.

SAP (NYSE:SAP) last issued its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The firm had revenue of $11.06 billion during the quarter. Equities analysts expect that SAP SE will post 8.36 earnings per share for the current fiscal year.

SAP Increases Dividend

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

About SAP

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.