SAP SE (NYSE:SAP) Shares Sold by Telemus Capital LLC

Telemus Capital LLC cut its position in shares of SAP SE (NYSE:SAP) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,496 shares of the software maker’s stock after selling 749 shares during the quarter. Telemus Capital LLC’s holdings in SAP were worth $2,396,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SAP. FMR LLC lifted its stake in SAP by 2.1% in the third quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock valued at $758,364,000 after buying an additional 122,135 shares during the last quarter. Clearbridge Investments LLC grew its holdings in SAP by 1.7% during the third quarter. Clearbridge Investments LLC now owns 2,362,893 shares of the software maker’s stock worth $305,569,000 after acquiring an additional 38,625 shares during the period. Ameriprise Financial Inc. grew its holdings in SAP by 213.0% during the third quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock worth $183,507,000 after acquiring an additional 966,450 shares during the period. Envestnet Asset Management Inc. grew its holdings in SAP by 64.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock worth $137,160,000 after acquiring an additional 414,407 shares during the period. Finally, Northern Trust Corp increased its stake in SAP by 3.7% in the 3rd quarter. Northern Trust Corp now owns 897,430 shares of the software maker’s stock worth $116,056,000 after purchasing an additional 31,675 shares in the last quarter.

SAP Price Performance

Shares of SAP stock opened at $178.18 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. SAP SE has a 52-week low of $126.75 and a 52-week high of $199.29. The stock has a 50-day simple moving average of $187.13 and a 200-day simple moving average of $164.72.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.17). The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.98 billion. SAP had a net margin of 20.30% and a return on equity of 9.54%. On average, research analysts anticipate that SAP SE will post 4.77 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be issued a $2.3852 dividend. This is a positive change from SAP’s previous annual dividend of $2.19. This represents a yield of 0.9%. The ex-dividend date is Thursday, May 16th. SAP’s payout ratio is 27.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. The Goldman Sachs Group raised their price objective on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Barclays raised their price objective on SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets raised their price objective on SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.00.

SAP 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.