Nomura Asset Management Co. Ltd. Sells 16,490 Shares of SAP SE (NYSE:SAP)

Nomura Asset Management Co. Ltd. trimmed its stake in SAP SE (NYSE:SAP - Free Report) by 78.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,430 shares of the software maker's stock after selling 16,490 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in SAP were worth $1,091,000 as of its most recent SEC filing.

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

SAP Trading Down 3.0 %

NYSE SAP traded down $7.47 during trading hours on Monday, hitting $241.03. The company's stock had a trading volume of 4,495,441 shares, compared to its average volume of 947,796. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The firm has a market capitalization of $296.11 billion, a P/E ratio of 83.98, a PEG ratio of 4.71 and a beta of 1.28. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $275.73 and a 200 day moving average of $253.56.

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SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 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%. Equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be given a $2.5423 dividend. The ex-dividend date is Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP's payout ratio is currently 60.28%.

Analyst Ratings Changes

A number of research firms recently issued reports on SAP. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. BMO Capital Markets boosted their target price on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and raised their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Finally, Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $248.83.

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.