SAP SE $SAP Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in SAP SE (NYSE:SAP) by 15.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,263 shares of the software maker’s stock after selling 6,874 shares during the period. Corient Private Wealth LLC’s holdings in SAP were worth $8,825,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. Fisher Asset Management LLC raised its holdings in shares of SAP by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock valued at $3,577,793,000 after buying an additional 179,550 shares during the period. Bank of America Corp DE increased its stake in SAP by 58.1% during the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after purchasing an additional 973,779 shares during the period. Windacre Partnership LLC increased its stake in SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after purchasing an additional 1,336,325 shares during the period. Northern Trust Corp lifted its position in shares of SAP by 3.2% during the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock worth $417,113,000 after purchasing an additional 49,111 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of SAP by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock valued at $291,498,000 after purchasing an additional 83,349 shares during the period.

SAP Price Performance

Shares of NYSE:SAP opened at $152.85 on Thursday. SAP SE has a 12 month low of $149.19 and a 12 month high of $313.28. The firm has a market capitalization of $187.77 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.75 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. The company’s fifty day moving average price is $172.08 and its 200 day moving average price is $197.54.

SAP (NYSE:SAP) last released 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 company had revenue of $11.06 billion during the quarter. As a group, sell-side analysts predict that SAP SE will post 8.36 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. Shareholders of record on Tuesday, May 5th were given a dividend of $2.9291 per share. This represents a yield of 170.0%. This is a positive change from SAP’s previous annual dividend of $2.54. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s dividend payout ratio is presently 28.92%.

Wall Street Analyst Weigh In

SAP has been the topic of several recent research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Weiss Ratings downgraded shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Piper Sandler cut SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Barclays boosted their target price on SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.