Wealth Alliance Cuts Stock Holdings in SAP SE (NYSE:SAP)

Wealth Alliance cut its stake in SAP SE (NYSE:SAP) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,072 shares of the software maker’s stock after selling 78 shares during the period. Wealth Alliance’s holdings in SAP were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Column Capital Advisors LLC grew its position in shares of SAP by 121.0% in the third quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock valued at $29,000 after purchasing an additional 121 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in SAP by 130.8% in the fourth quarter. FinTrust Capital Advisors LLC now owns 240 shares of the software maker’s stock valued at $25,000 after acquiring an additional 136 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in SAP in the second quarter valued at approximately $25,000. Impact Partnership Wealth LLC lifted its holdings in SAP by 376.1% in the third quarter. Impact Partnership Wealth LLC now owns 319 shares of the software maker’s stock valued at $41,000 after acquiring an additional 252 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in SAP in the second quarter valued at approximately $45,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. The Goldman Sachs Group upped their price objective on SAP from $185.00 to $207.00 and gave the company a “buy” rating in a report on Friday, January 26th. Barclays upped their price objective on SAP from $189.00 to $212.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. KeyCorp initiated coverage on SAP in a research note on Thursday, March 21st. They set an “overweight” rating on the stock. StockNews.com upgraded SAP from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 10th. Finally, BMO Capital Markets upped their price target on SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average target price of $193.80.

SAP Trading Up 0.2 %

NYSE:SAP opened at $180.61 on Wednesday. The business’s fifty day moving average price is $187.35 and its 200 day moving average price is $163.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.40 and a quick ratio of 1.40. SAP SE has a 12 month low of $126.40 and a 12 month high of $199.29.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.17). The firm had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.98 billion. SAP had a return on equity of 9.54% and a net margin of 20.30%. Analysts anticipate that SAP SE will post 4.36 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $2.3852 per share. This is a positive change from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio (DPR) is presently 27.71%.

About SAP

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.