Marietta Investment Partners LLC Sells 21,735 Shares of SAP SE $SAP

Marietta Investment Partners LLC lowered its holdings in SAP SE (NYSE:SAP) by 93.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,416 shares of the software maker’s stock after selling 21,735 shares during the quarter. Marietta Investment Partners LLC’s holdings in SAP were worth $344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SAP. Sound Income Strategies LLC lifted 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 worth $26,000 after buying an additional 58 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in SAP in the 3rd quarter worth approximately $27,000. Community Bank N.A. purchased a new stake in SAP in the 3rd quarter worth approximately $32,000. GoalVest Advisory LLC purchased a new stake in SAP in the 4th quarter worth approximately $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in 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 buying an additional 129 shares during the period.

SAP Trading Down 5.2%

SAP opened at $180.92 on Thursday. The stock has a market cap of $222.26 billion, a PE ratio of 24.45, a PEG ratio of 2.13 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $172.99 and a 200-day moving average of $205.38. SAP SE has a 52 week low of $158.58 and a 52 week high of $313.28.

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

SAP Increases Dividend

The company 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. This represents a dividend yield of 170.0%. The ex-dividend date was Tuesday, May 5th. This is a boost from SAP’s previous annual dividend of $2.54. SAP’s dividend payout ratio (DPR) is 28.92%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. BMO Capital Markets dropped their price objective on SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, April 24th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. TD Cowen reiterated a “buy” rating on shares of SAP in a report on Thursday, May 14th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. Finally, Barclays increased 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, SAP currently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

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.