Channing Global Advisors LLC Has $111,000 Position in SAP SE (NYSE:SAP)

Channing Global Advisors LLC lowered its position in SAP SE (NYSE:SAP) by 77.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 721 shares of the software maker’s stock after selling 2,416 shares during the period. Channing Global Advisors LLC’s holdings in SAP were worth $111,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in SAP by 11.1% during the third quarter. CWM LLC now owns 1,855 shares of the software maker’s stock valued at $240,000 after purchasing an additional 186 shares during the last quarter. AE Wealth Management LLC grew its holdings in SAP by 19.7% during the third quarter. AE Wealth Management LLC now owns 6,307 shares of the software maker’s stock valued at $816,000 after purchasing an additional 1,037 shares during the last quarter. IFP Advisors Inc boosted its position in shares of SAP by 98.4% in the third quarter. IFP Advisors Inc now owns 1,117 shares of the software maker’s stock valued at $144,000 after acquiring an additional 554 shares during the period. Impact Partnership Wealth LLC boosted its position in shares of 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 period. Finally, Founders Financial Securities LLC boosted its position in shares of SAP by 6.8% in the third quarter. Founders Financial Securities LLC now owns 8,057 shares of the software maker’s stock valued at $1,042,000 after acquiring an additional 512 shares during the period.

SAP Stock Up 0.4 %

Shares of NYSE:SAP traded up $0.78 during midday trading on Friday, reaching $185.87. The company’s stock had a trading volume of 341,081 shares, compared to its average volume of 773,053. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $199.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40. The business’s fifty day simple moving average is $187.77 and its 200-day simple moving average is $165.42.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). SAP had a net margin of 15.76% and a return on equity of 9.81%. The business had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. On average, sell-side analysts anticipate that SAP SE will post 4.69 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be given a $2.3852 dividend. This represents a yield of 0.9%. 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. SAP’s dividend payout ratio (DPR) is presently 34.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SAP shares. Barclays reduced their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. 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 report on Tuesday. BMO Capital Markets raised their target price on SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, The Goldman Sachs Group lifted 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.20.

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.