Eventide Asset Management LLC Sells 12,204 Shares of SAP SE $SAP

Eventide Asset Management LLC reduced its stake in SAP SE (NYSE:SAP) by 50.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,121 shares of the software maker’s stock after selling 12,204 shares during the period. Eventide Asset Management LLC’s holdings in SAP were worth $2,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Windacre Partnership LLC increased its stake in SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after purchasing an additional 1,336,325 shares in the last quarter. Bank of America Corp DE increased its stake in SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Sustainable Growth Advisers LP increased its position in shares of SAP by 1,126.3% during the third quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock worth $225,102,000 after acquiring an additional 773,720 shares in the last quarter. M&T Bank Corp increased its position in shares of SAP by 1,582.7% during the fourth quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock worth $198,529,000 after acquiring an additional 768,725 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of SAP by 2.8% during the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock worth $3,887,727,000 after acquiring an additional 392,010 shares in the last quarter.

SAP Trading Up 0.1%

Shares of SAP stock opened at $164.33 on Monday. SAP SE has a 52-week low of $158.58 and a 52-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 50-day simple moving average of $173.97 and a two-hundred day simple moving average of $202.30. The company has a market capitalization of $201.87 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.84 and a beta of 1.12.

SAP (NYSE:SAP) last issued its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The business had revenue of $11.06 billion during the quarter. Research analysts anticipate that SAP SE will post 8.37 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a $2.9291 dividend. This represents a yield of 170.0%. 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. SAP’s payout ratio is currently 28.92%.

Analyst Ratings Changes

Several research firms have recently commented on SAP. Barclays boosted their target price on shares of SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Zacks Research downgraded shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Santander raised shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. TD Cowen reissued a “buy” rating on shares of SAP in a research report on Thursday, May 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $265.00 target price on shares of SAP in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.