Clearbridge Investments LLC Sells 6,313 Shares of SAP SE $SAP

Clearbridge Investments LLC lessened its stake in SAP SE (NYSE:SAP) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 543,921 shares of the software maker’s stock after selling 6,313 shares during the period. Clearbridge Investments LLC’s holdings in SAP were worth $132,124,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Syon Capital LLC grew its position in shares of SAP by 11.7% in the 4th quarter. Syon Capital LLC now owns 6,024 shares of the software maker’s stock valued at $1,463,000 after buying an additional 633 shares during the last quarter. Capital World Investors grew its position in shares of SAP by 1.3% in the 4th quarter. Capital World Investors now owns 23,468 shares of the software maker’s stock valued at $5,740,000 after buying an additional 294 shares during the last quarter. Havemeyer Place LP bought a new stake in shares of SAP in the 4th quarter valued at about $2,360,000. Lowe Brockenbrough & Co. Inc. bought a new stake in shares of SAP in the 4th quarter valued at about $6,940,000. Finally, Argonautica Private Wealth Management Inc. grew its position in shares of SAP by 15.0% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 2,755 shares of the software maker’s stock valued at $669,000 after buying an additional 360 shares during the last quarter.

SAP Stock Up 0.1%

SAP stock opened at $184.89 on Monday. The stock’s 50 day simple moving average is $173.63 and its 200 day simple moving average is $204.59. SAP SE has a fifty-two week low of $158.58 and a fifty-two week high of $313.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $227.14 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12.

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

SAP Increases Dividend

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

Analysts Set New Price Targets

SAP has been the topic of a number of analyst reports. TD Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, May 14th. Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.