Capital Group Private Client Services Inc. Sells 5,872 Shares of SAP SE (NYSE:SAP)

Capital Group Private Client Services Inc. trimmed its stake in SAP SE (NYSE:SAP - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,119 shares of the software maker's stock after selling 5,872 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in SAP were worth $2,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in SAP by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 202,064 shares of the software maker's stock valued at $49,750,000 after purchasing an additional 3,307 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of SAP by 7.4% during the 4th quarter. Evergreen Capital Management LLC now owns 10,167 shares of the software maker's stock valued at $2,503,000 after buying an additional 698 shares during the last quarter. United Capital Financial Advisors LLC raised its stake in shares of SAP by 4.9% during the 4th quarter. United Capital Financial Advisors LLC now owns 14,176 shares of the software maker's stock valued at $3,490,000 after purchasing an additional 657 shares during the period. Promethos Capital LLC lifted its holdings in SAP by 3.2% during the 4th quarter. Promethos Capital LLC now owns 118,357 shares of the software maker's stock worth $29,141,000 after purchasing an additional 3,708 shares in the last quarter. Finally, Barclays PLC boosted its stake in SAP by 101.5% in the 4th quarter. Barclays PLC now owns 3,356 shares of the software maker's stock worth $826,000 after purchasing an additional 230,171 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SAP. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and upped their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets lifted their price objective on SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, JMP Securities raised their price target on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $251.00.

SAP Trading Up 7.5 %

Shares of NYSE:SAP traded up $18.95 on Wednesday, reaching $271.35. 2,779,366 shares of the company traded hands, compared to its average volume of 995,424. SAP SE has a 52 week low of $179.15 and a 52 week high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The business's 50-day simple moving average is $268.83 and its 200 day simple moving average is $255.75. The stock has a market capitalization of $333.35 billion, a P/E ratio of 94.55, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a $2.5423 dividend. This is a positive change from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 13th. SAP's dividend payout ratio (DPR) is currently 64.11%.

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.