B. Riley Wealth Advisors Inc. Cuts Holdings in SAP SE (NYSE:SAP)

B. Riley Wealth Advisors Inc. reduced its position in shares of SAP SE (NYSE:SAP) by 32.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,996 shares of the software maker’s stock after selling 1,437 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in SAP were worth $463,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new stake in SAP in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC purchased a new stake in SAP in the 4th quarter worth $33,000. Frazier Financial Advisors LLC acquired a new position in SAP during the fourth quarter worth $38,000. Partnership Wealth Management LLC purchased a new position in SAP during the fourth quarter valued at $40,000. Finally, HHM Wealth Advisors LLC grew its position in shares of SAP by 126.8% in the fourth quarter. HHM Wealth Advisors LLC now owns 322 shares of the software maker’s stock valued at $50,000 after purchasing an additional 180 shares during the period.

SAP Price Performance

Shares of SAP stock opened at $194.16 on Monday. The firm’s 50-day moving average is $187.94 and its two-hundred day moving average is $179.26. SAP SE has a 12 month low of $126.75 and a 12 month high of $199.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $229.03 billion, a PE ratio of 42.12, a price-to-earnings-growth ratio of 3.95 and a beta of 1.25.

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

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th were issued a dividend of $2.3852 per share. The ex-dividend date of this dividend 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 is currently 37.53%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. KeyCorp assumed coverage on SAP in a report on Thursday, March 21st. They issued an “overweight” rating on the stock. JMP Securities increased their price objective on SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 23rd. BMO Capital Markets lifted their target price on shares of SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Sanford C. Bernstein assumed coverage on shares of SAP in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price for the company. Finally, Barclays dropped their price objective on shares of SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $216.40.

SAP 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.