Cerity Partners LLC Lowers Holdings in SAP SE $SAP

Cerity Partners LLC trimmed its holdings in SAP SE (NYSE:SAP) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 124,399 shares of the software maker’s stock after selling 4,482 shares during the period. Cerity Partners LLC’s holdings in SAP were worth $30,218,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. West Family Investments Inc. grew its position in SAP by 9.4% in the fourth quarter. West Family Investments Inc. now owns 7,126 shares of the software maker’s stock worth $1,731,000 after acquiring an additional 610 shares during the period. Fiera Capital Corp purchased a new position in SAP in the fourth quarter worth approximately $582,000. JPMorgan Chase & Co. grew its position in SAP by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock worth $291,498,000 after acquiring an additional 83,349 shares during the period. Palladiem LLC purchased a new position in SAP in the fourth quarter worth approximately $289,000. Finally, Syon Capital LLC grew its position in SAP by 11.7% in the fourth quarter. Syon Capital LLC now owns 6,024 shares of the software maker’s stock worth $1,463,000 after acquiring an additional 633 shares during the period.

SAP Stock Down 4.6%

Shares of NYSE SAP opened at $170.72 on Thursday. The stock has a market cap of $209.72 billion, a P/E ratio of 23.07, a PEG ratio of 2.00 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. SAP SE has a 12-month low of $158.58 and a 12-month high of $313.28. The business’s fifty day simple moving average is $174.26 and its 200-day simple moving average is $203.34.

SAP (NYSE:SAP) last announced its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) 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%. As a group, equities analysts predict that SAP SE will post 8.39 EPS for the current fiscal year.

SAP Increases Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on SAP. JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. The Goldman Sachs Group restated a “buy” rating and set a $265.00 price target on shares of SAP in a research report on Wednesday. Finally, Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $283.40.

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.