Capital Wealth Planning LLC Has $6.16 Million Stock Holdings in SAP SE $SAP

Capital Wealth Planning LLC cut its holdings in SAP SE (NYSE:SAP) by 34.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,013 shares of the software maker’s stock after selling 13,457 shares during the quarter. Capital Wealth Planning LLC’s holdings in SAP were worth $6,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SAP. Brighton Jones LLC increased its stake in shares of SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after buying an additional 1,255 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of SAP in the first quarter valued at $242,000. AQR Capital Management LLC increased its stake in shares of SAP by 49.0% in the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after buying an additional 5,363 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of SAP in the first quarter valued at $2,681,000. Finally, Sivia Capital Partners LLC increased its stake in shares of SAP by 2.3% in the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after buying an additional 69 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays raised their target price on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Finally, Weiss Ratings lowered SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $283.40.

SAP Price Performance

SAP stock opened at $170.72 on Thursday. The business’s 50-day simple moving average is $174.26 and its 200 day simple moving average is $203.34. The stock has a market cap of $209.72 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 2.00 and a beta of 1.12. SAP SE has a 12-month low of $158.58 and a 12-month high of $313.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11.

SAP (NYSE:SAP) last posted its quarterly earnings results 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, research analysts anticipate that SAP SE will post 8.39 earnings per share for the current 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 issued a $2.9291 dividend. This is a positive change 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 dividend payout ratio (DPR) is 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.