SAP SE (NYSE:SAP) Shares Sold by Qtron Investments LLC

Qtron Investments LLC cut its stake in SAP SE (NYSE:SAP - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,758 shares of the software maker's stock after selling 2,916 shares during the period. Qtron Investments LLC's holdings in SAP were worth $2,895,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in SAP by 30.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,400 shares of the software maker's stock valued at $3,299,000 after purchasing an additional 3,400 shares during the last quarter. EP Wealth Advisors LLC increased its stake in SAP by 26.8% in the third quarter. EP Wealth Advisors LLC now owns 2,148 shares of the software maker's stock valued at $492,000 after purchasing an additional 454 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of SAP in the third quarter valued at about $9,300,000. Coldstream Capital Management Inc. boosted its stake in shares of SAP by 9.9% during the third quarter. Coldstream Capital Management Inc. now owns 3,646 shares of the software maker's stock worth $835,000 after buying an additional 327 shares during the period. Finally, Toronto Dominion Bank purchased a new position in shares of SAP during the third quarter worth about $162,000.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SAP. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets lifted their price objective on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. JMP Securities upped their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $248.83.

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SAP Price Performance

Shares of SAP traded up $0.42 during trading hours on Monday, reaching $259.57. The company had a trading volume of 1,522,308 shares, compared to its average volume of 974,283. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The firm has a 50 day simple moving average of $272.39 and a 200-day simple moving average of $254.61. The company has a market capitalization of $318.88 billion, a price-to-earnings ratio of 90.44, a PEG ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Research analysts expect that SAP SE will post 6.55 earnings per share 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 given a dividend of $2.5423 per share. This represents a yield of 0.8%. This is an increase from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's payout ratio is presently 64.11%.

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.