SAP SE (NYSE:SAP) Shares Sold by LVW Advisors LLC

LVW Advisors LLC lowered its position in SAP SE (NYSE:SAP) by 11.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,693 shares of the software maker’s stock after selling 842 shares during the quarter. LVW Advisors LLC’s holdings in SAP were worth $1,305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. Ameriprise Financial Inc. lifted its position in shares of SAP by 213.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock worth $183,507,000 after buying an additional 966,450 shares during the last quarter. Capital International Investors lifted its stake in shares of SAP by 8.1% in the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after acquiring an additional 746,386 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of SAP by 19,468.8% in the third quarter. Lazard Asset Management LLC now owns 482,762 shares of the software maker’s stock valued at $62,430,000 after acquiring an additional 480,295 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in SAP in the fourth quarter valued at about $17,255,000. Finally, Brandes Investment Partners LP increased its position in SAP by 49.7% during the 4th quarter. Brandes Investment Partners LP now owns 300,129 shares of the software maker’s stock worth $46,397,000 after purchasing an additional 99,652 shares during the period.

Analyst Ratings Changes

Several brokerages have commented on SAP. JMP Securities boosted their target price on shares of SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 23rd. KeyCorp began coverage on shares of SAP in a research note on Thursday, March 21st. They issued an “overweight” rating for the company. BMO Capital Markets upgraded SAP from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $218.00 to $237.00 in a research report on Friday. Sanford C. Bernstein started coverage on shares of SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price for the company. Finally, Barclays lowered their price objective on shares of SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.20.

SAP Stock Performance

SAP stock opened at $201.71 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. SAP SE has a 12 month low of $126.75 and a 12 month high of $204.33. The company has a fifty day moving average price of $189.81 and a two-hundred day moving average price of $180.61.

SAP (NYSE:SAP) last issued 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). SAP had a return on equity of 9.79% and a net margin of 15.76%. The company had revenue of $8.73 billion for the quarter, compared to the consensus estimate of $8.73 billion. On average, equities analysts anticipate 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 issued a $2.3852 dividend. This represents a dividend yield of 0.9%. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date was Thursday, May 16th. SAP’s payout ratio is presently 37.53%.

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.