Mariner LLC Lowers Stock Position in SAP SE (NYSE:SAP)

Mariner LLC trimmed its position in SAP SE (NYSE:SAP) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,331 shares of the software maker’s stock after selling 1,725 shares during the quarter. Mariner LLC’s holdings in SAP were worth $11,163,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

SAP has been the topic of several recent analyst reports. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays boosted 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. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Finally, BMO Capital Markets cut their price objective on SAP from $307.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has an average rating of “Buy” and a consensus price target of $247.67.

SAP Stock Performance

SAP stock opened at $257.02 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The company’s 50-day moving average price is $271.11 and its 200-day moving average price is $254.90. The company has a market cap of $315.75 billion, a PE ratio of 89.55, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. On average, equities research analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. This is a boost from SAP’s previous annual dividend of $2.39. The ex-dividend date is Tuesday, May 13th. This represents a yield of 0.8%. SAP’s payout ratio is 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.