CIBC Asset Management Inc Sells 5,668 Shares of SAP SE $SAP

CIBC Asset Management Inc lessened its stake in SAP SE (NYSE:SAP) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,404 shares of the software maker’s stock after selling 5,668 shares during the period. CIBC Asset Management Inc’s holdings in SAP were worth $7,490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC raised its position in SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of SAP during the 3rd quarter worth approximately $27,000. Community Bank N.A. purchased a new position in shares of SAP during the 3rd quarter worth approximately $32,000. GoalVest Advisory LLC purchased a new position in shares of SAP during the 4th quarter worth approximately $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of SAP by 758.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after acquiring an additional 129 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SAP. Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 16th. TD Cowen restated a “buy” rating on shares of SAP in a research note on Thursday, May 14th. Barclays upped their price target on SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Piper Sandler downgraded SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $288.00.

SAP Price Performance

NYSE SAP opened at $184.89 on Friday. The business’s fifty day moving average price is $173.63 and its 200-day moving average price is $204.83. The stock 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. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. SAP SE has a 1-year low of $158.58 and a 1-year high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The firm 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%. On average, equities analysts predict that SAP SE will post 8.39 earnings per share for the current year.

SAP Increases Dividend

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

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.