O Shaughnessy Asset Management LLC Sells 12,888 Shares of SAP SE $SAP

O Shaughnessy Asset Management LLC lessened its holdings in SAP SE (NYSE:SAP) by 11.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 101,875 shares of the software maker’s stock after selling 12,888 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in SAP were worth $24,746,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Binnacle Investments Inc boosted its holdings in SAP by 14.2% during the 3rd quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock valued at $90,000 after acquiring an additional 42 shares during the period. Spire Wealth Management lifted its position in SAP by 6.2% in the fourth quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock valued at $180,000 after purchasing an additional 43 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in SAP by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock valued at $1,355,000 after purchasing an additional 43 shares during the last quarter. Euro Pacific Asset Management LLC boosted its stake in shares of SAP by 5.7% during the fourth quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker’s stock valued at $213,000 after purchasing an additional 47 shares during the period. Finally, Modera Wealth Management LLC boosted its stake in shares of SAP by 1.2% during the fourth quarter. Modera Wealth Management LLC now owns 3,912 shares of the software maker’s stock valued at $950,000 after purchasing an additional 48 shares during the period.

SAP Price Performance

Shares of NYSE:SAP opened at $182.13 on Tuesday. The business has a fifty day moving average price of $173.92 and a 200-day moving average price of $204.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $223.75 billion, a PE ratio of 24.61, a PEG ratio of 2.06 and a beta of 1.12. SAP SE has a 1-year low of $158.58 and a 1-year high of $313.28.

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

SAP Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued a $2.9291 dividend. This is a positive change from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s dividend payout ratio is currently 28.92%.

Analyst Ratings Changes

A number of brokerages have issued reports on SAP. Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Barclays upped their price objective on shares of SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Piper Sandler downgraded SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Finally, BMO Capital Markets lowered their price target on SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and an average target price of $288.00.

About SAP

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.