Atria Investments Inc Reduces Stock Holdings in SAP SE $SAP

Atria Investments Inc trimmed its holdings in shares of SAP SE (NYSE:SAP) by 25.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,538 shares of the software maker’s stock after selling 7,768 shares during the period. Atria Investments Inc’s holdings in SAP were worth $5,475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new position in SAP during the 3rd quarter worth $27,000. Copia Wealth Management purchased a new position in SAP during the 3rd quarter worth $28,000. Sound Income Strategies LLC grew 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 worth $26,000 after buying an additional 58 shares during the last quarter. Guerra Advisors Inc purchased a new position in SAP during the 3rd quarter worth $31,000. Finally, Community Bank N.A. purchased a new position in SAP during the 3rd quarter worth $32,000.

SAP Stock Up 3.4%

SAP stock opened at $169.69 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50-day simple moving average is $175.74 and its two-hundred day simple moving average is $212.94. The company has a market cap of $208.46 billion, a PE ratio of 22.93, a PEG ratio of 1.84 and a beta of 1.11. SAP SE has a fifty-two week low of $158.58 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The business had revenue of $11.06 billion for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. Equities analysts anticipate that SAP SE will post 8.35 EPS for the current year.

SAP Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on SAP shares. TD Cowen restated a “buy” rating on shares of SAP in a research note on Thursday. Citigroup downgraded SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Zacks Research downgraded SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Barclays boosted their price target on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. Two 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 data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and an average price target 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.