Oppenheimer Asset Management Inc. Sells 5,292 Shares of SAP SE $SAP

Oppenheimer Asset Management Inc. lessened its position in shares of SAP SE (NYSE:SAP) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,118 shares of the software maker’s stock after selling 5,292 shares during the period. Oppenheimer Asset Management Inc.’s holdings in SAP were worth $11,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAP. Brighton Jones LLC lifted its holdings in shares of SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after acquiring an additional 1,255 shares during the period. Baird Financial Group Inc. bought a new stake in shares of SAP during the 1st quarter worth approximately $242,000. AQR Capital Management LLC lifted its holdings in shares of SAP by 49.0% during the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after acquiring an additional 5,363 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of SAP during the 1st quarter worth approximately $2,681,000. Finally, Sivia Capital Partners LLC lifted its holdings in shares of SAP by 2.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after acquiring an additional 69 shares during the period.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of SAP from a “hold” rating to a “buy” rating in a report on Saturday. Barclays increased their price objective on shares of SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday. TD Cowen reissued a “buy” rating on shares of SAP in a research note on Thursday, April 16th. Citigroup downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned 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 a consensus price target of $288.00.

SAP Price Performance

SAP stock opened at $170.80 on Friday. The company has a fifty day moving average price of $180.99 and a 200-day moving average price of $219.88. The company has a market capitalization of $209.82 billion, a P/E ratio of 23.08, a PEG ratio of 1.90 and a beta of 1.11. SAP SE has a 52-week low of $160.66 and a 52-week high of $313.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.07.

SAP (NYSE:SAP) last released 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 firm had revenue of $11.06 billion during the quarter. As a group, equities analysts expect that SAP SE will post 8.37 EPS for the current year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th will be paid a $2.9291 dividend. This represents a dividend yield of 175.0%. This is a positive change from SAP’s previous annual dividend of $2.54. The ex-dividend date of this dividend is Tuesday, May 5th. SAP’s payout ratio is 24.86%.

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.