Sivia Capital Partners LLC Cuts Position in SAP SE (NYSE:SAP)

Sivia Capital Partners LLC lessened its stake in SAP SE (NYSE:SAP) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,702 shares of the software maker’s stock after selling 62 shares during the quarter. Sivia Capital Partners LLC’s holdings in SAP were worth $527,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Apollon Wealth Management LLC purchased a new position in shares of SAP in the 4th quarter valued at about $492,000. Blue Trust Inc. increased its holdings in SAP by 5.8% during the 4th quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after acquiring an additional 75 shares in the last quarter. Phillips Wealth Planners LLC purchased a new position in SAP during the 4th quarter valued at about $221,000. Eagle Global Advisors LLC increased its holdings in SAP by 7.1% during the 4th quarter. Eagle Global Advisors LLC now owns 16,272 shares of the software maker’s stock valued at $2,515,000 after acquiring an additional 1,080 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its holdings in SAP by 10.0% during the 1st quarter. Kathmere Capital Management LLC now owns 3,027 shares of the software maker’s stock valued at $590,000 after acquiring an additional 274 shares in the last quarter.

Wall Street Analyst Weigh In

SAP has been the subject of several recent research reports. KeyCorp initiated coverage on shares of SAP in a report on Thursday, March 21st. They set an “overweight” rating for the company. Sanford C. Bernstein assumed coverage on shares of SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price for the company. BMO Capital Markets raised shares of SAP from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $218.00 to $237.00 in a research note on Friday, June 28th. StockNews.com cut shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, Barclays decreased their price target on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.20.

SAP Trading Up 2.1 %

Shares of SAP traded up $4.21 during mid-day trading on Wednesday, hitting $202.79. The company had a trading volume of 316,183 shares, compared to its average volume of 769,531. The business’s 50-day simple moving average is $190.44 and its 200-day simple moving average is $181.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.25. SAP SE has a 1-year low of $126.75 and a 1-year high of $204.33.

SAP (NYSE:SAP) last released its earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.06). SAP had a return on equity of 9.79% and a net margin of 15.76%. The company had revenue of $8.73 billion during the quarter, compared to analyst estimates of $8.73 billion. On average, research analysts predict that SAP SE will post 4.56 earnings per share for the current year.

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 17th were given a $2.3852 dividend. The ex-dividend date was Thursday, May 16th. This is a boost from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio (DPR) is currently 37.53%.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.