SOL Capital Management CO Cuts Stake in SAP SE (SAP)

SOL Capital Management CO lessened its position in SAP SE (NYSE:SAP) by 5.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,991 shares of the software maker’s stock after selling 350 shares during the quarter. SOL Capital Management CO’s holdings in SAP were worth $692,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisor Partners LLC grew its stake in shares of SAP by 10.5% in the first quarter. Advisor Partners LLC now owns 11,080 shares of the software maker’s stock worth $1,279,000 after purchasing an additional 1,052 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SAP by 12.5% during the third quarter. JPMorgan Chase & Co. now owns 360,305 shares of the software maker’s stock valued at $44,318,000 after purchasing an additional 40,007 shares during the last quarter. Toroso Investments LLC purchased a new stake in shares of SAP during the fourth quarter valued at $3,112,000. First Trust Advisors LP lifted its holdings in shares of SAP by 2.1% during the fourth quarter. First Trust Advisors LP now owns 835,278 shares of the software maker’s stock valued at $83,152,000 after purchasing an additional 16,805 shares during the last quarter. Finally, BB&T Corp lifted its holdings in shares of SAP by 8.1% during the first quarter. BB&T Corp now owns 54,692 shares of the software maker’s stock valued at $6,315,000 after purchasing an additional 4,103 shares during the last quarter. Hedge funds and other institutional investors own 4.87% of the company’s stock.

Several equities research analysts recently issued reports on SAP shares. Royal Bank of Canada reissued a “neutral” rating on shares of SAP in a research note on Friday, February 8th. DZ Bank reissued a “buy” rating on shares of SAP in a research note on Thursday, May 2nd. Morgan Stanley reissued a “neutral” rating on shares of SAP in a research note on Wednesday, April 3rd. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Monday, February 4th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $135.00 target price (up from $115.00) on shares of SAP in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. SAP presently has an average rating of “Buy” and a consensus price target of $115.90.

Shares of NYSE SAP traded up $0.91 during mid-day trading on Friday, reaching $127.51. 271,100 shares of the company traded hands, compared to its average volume of 779,075. The firm has a market cap of $156.99 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 2.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.59 and a current ratio of 1.59. SAP SE has a fifty-two week low of $94.81 and a fifty-two week high of $130.16.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, April 24th. The software maker reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. SAP had a return on equity of 15.70% and a net margin of 12.81%. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the company earned $0.73 EPS. SAP’s revenue was up 16.3% on a year-over-year basis. As a group, equities research analysts forecast that SAP SE will post 4.56 earnings per share for the current year.

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be issued a dividend of $1.6961 per share. The ex-dividend date is Thursday, May 16th. This represents a yield of 1.51%. SAP’s dividend payout ratio is 26.49%.

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About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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