Evolve Private Wealth LLC Sells 7,814 Shares of SAP SE $SAP

Evolve Private Wealth LLC lessened its stake in SAP SE (NYSE:SAP) by 79.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,972 shares of the software maker’s stock after selling 7,814 shares during the quarter. Evolve Private Wealth LLC’s holdings in SAP were worth $338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sound Income Strategies LLC increased its holdings in SAP by 109.4% in 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 purchased a new stake in SAP in the 4th quarter worth $28,000. Community Bank N.A. bought a new position in shares of SAP during the 3rd quarter valued at about $32,000. Kozak & Associates Inc. purchased a new position in shares of SAP during the third quarter valued at about $37,000. Finally, GoalVest Advisory LLC purchased a new position in shares of SAP during the fourth quarter valued at about $35,000.

SAP Price Performance

SAP stock opened at $155.24 on Friday. The stock has a market cap of $190.71 billion, a PE ratio of 20.98, a P/E/G ratio of 1.68 and a beta of 1.12. SAP SE has a 12 month low of $148.06 and a 12 month high of $313.28. The company has a 50-day moving average price of $171.33 and a 200 day moving average price of $196.55. 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 (NYSE:SAP) last posted its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The company had revenue of $11.06 billion for the quarter. Equities research analysts anticipate that SAP SE will post 8.36 earnings per share for the current year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a $2.9291 dividend. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a yield of 170.0%. SAP’s dividend payout ratio is currently 28.78%.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Barclays upped their price objective on SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. The Goldman Sachs Group restated a “buy” rating and issued a $265.00 price target on shares of SAP in a research report on Wednesday, June 10th. Finally, Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $283.40.

SAP Company 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.