Telemus Capital LLC Sells 749 Shares of SAP SE (NYSE:SAP)

Telemus Capital LLC cut its stake in SAP SE (NYSE:SAP) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,496 shares of the software maker’s stock after selling 749 shares during the quarter. Telemus Capital LLC’s holdings in SAP were worth $2,396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its stake in shares of SAP by 2.1% in the third quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock worth $758,364,000 after purchasing an additional 122,135 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of SAP by 1.7% in the third quarter. Clearbridge Investments LLC now owns 2,362,893 shares of the software maker’s stock worth $305,569,000 after purchasing an additional 38,625 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of SAP by 213.0% in the third quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock worth $183,507,000 after purchasing an additional 966,450 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SAP by 64.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock worth $137,160,000 after purchasing an additional 414,407 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of SAP by 3.7% in the third quarter. Northern Trust Corp now owns 897,430 shares of the software maker’s stock worth $116,056,000 after purchasing an additional 31,675 shares during the last quarter.

SAP Stock Up 1.4 %

Shares of NYSE SAP opened at $178.18 on Tuesday. The stock has a fifty day simple moving average of $187.13 and a two-hundred day simple moving average of $164.72. SAP SE has a 1-year low of $126.75 and a 1-year high of $199.29. 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 (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The company had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.98 billion. SAP had a return on equity of 9.54% and a net margin of 20.30%. Sell-side analysts expect that SAP SE will post 4.77 EPS for the current fiscal year.

SAP Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on SAP. Barclays increased their price objective on SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. The Goldman Sachs Group increased their price target on SAP from $185.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, BMO Capital Markets increased their price target on SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.00.

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.