Goldman Sachs Group Inc. Sells 13,900 Shares of SAP SE $SAP

Goldman Sachs Group Inc. lessened its stake in shares of SAP SE (NYSE:SAP) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,505,389 shares of the software maker’s stock after selling 13,900 shares during the period. Goldman Sachs Group Inc. owned about 0.12% of SAP worth $365,674,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SAP. Sound Income Strategies LLC raised its holdings in SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after acquiring an additional 58 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in SAP in the third quarter valued at approximately $27,000. Community Bank N.A. bought a new stake in SAP in the third quarter valued at approximately $32,000. GoalVest Advisory LLC bought a new stake in SAP in the fourth quarter valued at approximately $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after buying an additional 129 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SAP shares. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. BMO Capital Markets dropped their price objective on SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $288.00.

SAP Price Performance

SAP stock opened at $184.89 on Friday. SAP SE has a 12 month low of $158.58 and a 12 month high of $313.28. The stock’s 50 day moving average is $173.63 and its 200-day moving average is $204.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $227.14 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.09 and a beta of 1.12.

SAP (NYSE:SAP) last posted its earnings results on Friday, February 27th. The software maker reported $1.99 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. Equities research analysts expect that SAP SE will post 8.39 EPS for the current 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 given a $2.9291 dividend. The ex-dividend date of this dividend 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%.

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.