Townsquare Capital LLC Reduces Stock Position in SAP SE (NYSE:SAP)

Townsquare Capital LLC trimmed its position in SAP SE (NYSE:SAP - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,523 shares of the software maker's stock after selling 1,419 shares during the quarter. Townsquare Capital LLC's holdings in SAP were worth $15,640,000 at the end of the most recent reporting period.

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

SAP Price Performance

SAP stock traded up $3.09 during midday trading on Tuesday, hitting $262.62. 131,641 shares of the company's stock were exchanged, compared to its average volume of 971,082. The company has a market cap of $322.63 billion, a P/E ratio of 91.62, a PEG ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The stock has a 50-day moving average price of $272.39 and a two-hundred day moving average price of $254.61. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70.

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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 the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, equities research analysts forecast 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. Stockholders of record on Tuesday, May 13th will be issued a $2.5423 dividend. This is a boost from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a dividend yield of 0.8%. SAP's dividend payout ratio (DPR) is currently 64.11%.

Wall Street Analyst Weigh In

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