AMJ Financial Wealth Management Lowers Stock Holdings in SAP SE $SAP

AMJ Financial Wealth Management lowered its holdings in SAP SE (NYSE:SAP) by 61.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,645 shares of the software maker’s stock after selling 18,204 shares during the period. AMJ Financial Wealth Management’s holdings in SAP were worth $2,829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAP. Brighton Jones LLC grew its position in shares of SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after purchasing an additional 1,255 shares during the period. Baird Financial Group Inc. purchased a new stake in shares of SAP in the first quarter valued at $242,000. AQR Capital Management LLC grew its position in shares of SAP by 49.0% in the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after purchasing an additional 5,363 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of SAP in the first quarter valued at $2,681,000. Finally, Sivia Capital Partners LLC grew its position in shares of SAP by 2.3% in the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after purchasing an additional 69 shares during the period.

SAP Trading Up 3.4%

NYSE:SAP opened at $169.69 on Friday. The business’s 50-day moving average is $175.74 and its two-hundred day moving average is $212.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. SAP SE has a 12 month low of $158.58 and a 12 month high of $313.28. The firm has a market capitalization of $208.46 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11.

SAP (NYSE:SAP) last released its quarterly earnings data 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 for the quarter. Research analysts predict that SAP SE will post 8.35 earnings per share for the current fiscal year.

SAP Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SAP. BMO Capital Markets lowered their price objective on SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Citizens Jmp cut SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Zacks Research cut SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. Finally, HSBC upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $288.00.

SAP Company 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.