Evolve Private Wealth LLC Sells 7,814 Shares of SAP SE $SAP

Evolve Private Wealth LLC decreased its position in SAP SE (NYSE:SAP) by 79.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,972 shares of the software maker’s stock after selling 7,814 shares during the period. Evolve Private Wealth LLC’s holdings in SAP were worth $338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC raised its position in SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after buying an additional 58 shares during the last quarter. Bayban purchased a new position in shares of SAP during the fourth quarter valued at approximately $28,000. Community Bank N.A. bought a new position in SAP during the third quarter valued at approximately $32,000. Kozak & Associates Inc. bought a new position in shares of SAP during the 3rd quarter valued at $37,000. Finally, GoalVest Advisory LLC bought a new position in shares of SAP during the 4th quarter valued at $35,000.

SAP Price Performance

Shares of NYSE:SAP opened at $155.24 on Friday. The company has a market capitalization of $190.71 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.68 and a beta of 1.12. SAP SE has a 1-year low of $148.06 and a 1-year high of $313.28. The firm’s 50 day simple moving average is $171.33 and its two-hundred day simple moving average is $196.55. 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 (NYSE:SAP) last announced its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The firm had revenue of $11.06 billion for the quarter. Research analysts expect that SAP SE will post 8.36 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued a dividend of $2.9291 per share. This is a boost from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s payout ratio is 28.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $265.00 price target on shares of SAP in a research note on Wednesday, June 10th. Zacks Research cut shares of SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Weiss Ratings downgraded shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average target price of $283.40.

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.