Atria Investments Inc Sells 7,768 Shares of SAP SE $SAP

Atria Investments Inc reduced its holdings in shares of SAP SE (NYSE:SAP) by 25.6% in the fourth quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAP. Sound Income Strategies LLC lifted its stake in shares of 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 acquiring an additional 58 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in SAP during the 3rd quarter valued at $27,000. Copia Wealth Management bought a new stake in SAP during the 3rd quarter valued at $28,000. Guerra Advisors Inc bought a new stake in SAP during the 3rd quarter valued at $31,000. Finally, Community Bank N.A. bought a new stake in SAP during the 3rd quarter valued at $32,000.

SAP Price Performance

SAP opened at $169.69 on Friday. The business’s 50-day moving average is $175.74 and its two-hundred day moving average is $212.94. SAP SE has a 1 year low of $158.58 and a 1 year high of $313.28. 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 firm has a market capitalization of $208.46 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11.

SAP (NYSE:SAP) last posted its earnings results 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 company had revenue of $11.06 billion for the quarter. Research analysts anticipate that SAP SE will post 8.35 earnings per share for the current fiscal year.

SAP Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SAP shares. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Saturday. HSBC raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. BMO Capital Markets decreased their target price on SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Santander raised SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. Finally, Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.