Gateway Investment Advisers LLC Sells 4,795 Shares of SAP SE (NYSE:SAP)

Gateway Investment Advisers LLC reduced its stake in SAP SE (NYSE:SAP) by 80.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,152 shares of the software maker’s stock after selling 4,795 shares during the quarter. Gateway Investment Advisers LLC’s holdings in SAP were worth $225,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SAP. Strategic Planning Group LLC increased its stake in SAP by 17.1% in the 1st quarter. Strategic Planning Group LLC now owns 3,973 shares of the software maker’s stock valued at $775,000 after buying an additional 581 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of SAP during the 1st quarter worth about $25,000. Ballentine Partners LLC increased its stake in shares of SAP by 30.3% during the 1st quarter. Ballentine Partners LLC now owns 4,829 shares of the software maker’s stock worth $942,000 after purchasing an additional 1,123 shares during the last quarter. &PARTNERS acquired a new position in shares of SAP during the 1st quarter worth about $400,000. Finally, First Affirmative Financial Network increased its stake in shares of SAP by 1.6% during the 1st quarter. First Affirmative Financial Network now owns 5,355 shares of the software maker’s stock worth $1,044,000 after purchasing an additional 82 shares during the last quarter.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays reduced their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Sanford C. Bernstein started coverage on shares of SAP in a report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price objective for the company. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. BMO Capital Markets boosted their price objective on shares of SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Finally, KeyCorp initiated coverage on shares of SAP in a report on Thursday, March 21st. They set an “overweight” rating for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and an average price target of $216.40.

SAP Price Performance

SAP opened at $198.60 on Thursday. SAP SE has a twelve month low of $126.75 and a twelve month high of $199.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $188.47 and a 200-day moving average of $179.74.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.06). The firm had revenue of $8.73 billion for the quarter, compared to analyst estimates of $8.73 billion. SAP had a return on equity of 9.79% and a net margin of 15.76%. Analysts predict that SAP SE will post 4.56 earnings per share for the current fiscal 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 paid a dividend of $2.3852 per share. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from SAP’s previous annual dividend of $2.19. This represents a yield of 0.9%. SAP’s dividend payout ratio 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.