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

O Shaughnessy Asset Management LLC decreased its holdings in SAP SE (NYSE:SAP) by 11.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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. Abich Financial Wealth Management LLC bought a new position in shares of SAP during the third quarter valued at about $27,000. Sound Income Strategies LLC grew its position in SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Community Bank N.A. purchased a new stake in SAP in the 3rd quarter valued at about $32,000. Kozak & Associates Inc. bought a new position in shares of SAP during the 3rd quarter worth approximately $37,000. Finally, GoalVest Advisory LLC purchased a new position in shares of SAP in the 4th quarter worth approximately $35,000.

Analyst Ratings Changes

Several research analysts have weighed in on SAP shares. HSBC raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Santander raised shares of SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Barclays lifted their price objective on shares of SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

SAP Price Performance

Shares of NYSE:SAP opened at $182.13 on Tuesday. The firm has a market capitalization of $223.75 billion, a PE ratio of 24.61, a P/E/G ratio of 2.06 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $173.92 and a two-hundred day moving average price of $204.20. SAP SE has a twelve month low of $158.58 and a twelve month high of $313.28.

SAP (NYSE:SAP) last announced its quarterly earnings results 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 return on equity of 17.31% and a net margin of 20.08%. Equities analysts forecast that SAP SE will post 8.39 EPS for the current year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were given a dividend of $2.9291 per share. This is an increase from SAP’s previous annual dividend of $2.54. The ex-dividend date was Tuesday, May 5th. This represents a dividend yield of 170.0%. SAP’s dividend payout ratio is 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.