CIBC Asset Management Inc Sells 5,668 Shares of SAP SE $SAP

CIBC Asset Management Inc reduced its stake in SAP SE (NYSE:SAP) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,404 shares of the software maker’s stock after selling 5,668 shares during the quarter. CIBC Asset Management Inc’s holdings in SAP were worth $7,490,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SAP. Sound Income Strategies LLC raised its holdings in SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after acquiring an additional 58 shares during the period. Abich Financial Wealth Management LLC bought a new stake in SAP during the third quarter valued at about $27,000. Community Bank N.A. bought a new stake in SAP during the third quarter valued at about $32,000. GoalVest Advisory LLC bought a new stake in SAP during the fourth quarter valued at about $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in SAP by 758.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after acquiring an additional 129 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on SAP. Santander raised SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. Piper Sandler cut SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. Finally, TD Cowen restated a “buy” rating on shares of SAP in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $288.00.

SAP Trading Down 1.2%

SAP opened at $184.89 on Friday. The firm has a market cap of $227.14 billion, a P/E ratio of 24.99, a P/E/G ratio of 2.09 and a beta of 1.12. SAP SE has a 12 month low of $158.58 and a 12 month high of $313.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average of $173.63 and a 200 day moving average of $204.83.

SAP (NYSE:SAP) last released its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The company had revenue of $11.06 billion during the quarter. As a group, research analysts forecast that SAP SE will post 8.39 EPS for the current year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a dividend of $2.9291 per share. This represents a dividend yield of 170.0%. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date was Tuesday, May 5th. SAP’s dividend payout ratio (DPR) is presently 28.92%.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.