Goldman Sachs Group Inc. Has $365.67 Million Position in SAP SE $SAP

Goldman Sachs Group Inc. lowered its stake in shares of SAP SE (NYSE:SAP) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,505,389 shares of the software maker’s stock after selling 13,900 shares during the quarter. Goldman Sachs Group Inc.’s holdings in SAP were worth $365,674,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new stake in SAP during the third quarter worth approximately $27,000. Sound Income Strategies LLC grew its position in SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after buying an additional 58 shares in the last quarter. Community Bank N.A. acquired a new stake in SAP during the third quarter worth approximately $32,000. Kozak & Associates Inc. acquired a new stake in SAP during the third quarter worth approximately $37,000. Finally, GoalVest Advisory LLC acquired a new stake in shares of SAP in the 4th quarter valued at $35,000.

SAP Trading Down 1.2%

NYSE SAP opened at $184.89 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. SAP SE has a twelve month low of $158.58 and a twelve month high of $313.28. The company has a market cap of $227.14 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12. The business’s fifty day moving average is $173.63 and its 200 day moving average is $204.83.

SAP (NYSE:SAP) last released its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share 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. As a group, sell-side analysts expect that SAP SE will post 8.39 EPS for the current fiscal year.

SAP Increases Dividend

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

Analyst Ratings Changes

SAP has been the topic of a number of research analyst reports. BMO Capital Markets reduced their target price on SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a report on Thursday, May 14th. Piper Sandler downgraded SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Finally, Zacks Research downgraded SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.