DRW Securities LLC Sells 6,445 Shares of SAP SE (NYSE:SAP)

DRW Securities LLC lessened its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 76.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,983 shares of the software maker's stock after selling 6,445 shares during the period. DRW Securities LLC's holdings in SAP were worth $488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Centricity Wealth Management LLC acquired a new position in SAP during the fourth quarter valued at $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. increased its holdings in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares in the last quarter. Albion Financial Group UT boosted its holdings in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after buying an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in SAP in the fourth quarter valued at $42,000.

SAP Stock Performance

Shares of NYSE:SAP traded up $0.42 during trading on Monday, reaching $259.57. 1,522,308 shares of the company's stock traded hands, compared to its average volume of 974,282. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company has a 50 day moving average of $272.86 and a 200-day moving average of $254.39. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The stock has a market capitalization of $318.88 billion, a P/E ratio of 90.44, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28.

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SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities analysts expect that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. This is an increase from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's payout ratio is 64.11%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SAP. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets increased their target price on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Finally, TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and lifted their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $248.83.

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.