Cox Capital Mgt LLC Trims Stock Holdings in SAP SE (NYSE:SAP)

Cox Capital Mgt LLC cut its holdings in SAP SE (NYSE:SAPFree Report) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,737 shares of the software maker’s stock after selling 873 shares during the period. SAP comprises 3.6% of Cox Capital Mgt LLC’s holdings, making the stock its 4th largest holding. Cox Capital Mgt LLC’s holdings in SAP were worth $5,800,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Apollon Wealth Management LLC bought a new position in SAP during the 4th quarter valued at about $492,000. Stifel Financial Corp boosted its position in SAP by 10.9% in the 3rd quarter. Stifel Financial Corp now owns 193,376 shares of the software maker’s stock valued at $25,007,000 after buying an additional 19,080 shares during the period. Blue Trust Inc. boosted its position in SAP by 5.8% in the 4th quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after buying an additional 75 shares during the period. Clear Street Markets LLC boosted its position in SAP by 2.8% in the 3rd quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock valued at $800,000 after buying an additional 166 shares during the period. Finally, Phillips Wealth Planners LLC purchased a new stake in SAP in the 4th quarter valued at about $221,000.

Wall Street Analyst Weigh In

Several research firms have issued reports on SAP. KeyCorp began coverage on shares of SAP in a research report on Thursday, March 21st. They issued an “overweight” rating for the company. JMP Securities upped their price target on shares of SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 23rd. StockNews.com cut shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. BMO Capital Markets upped their price target on shares of SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Finally, Sanford C. Bernstein began coverage on shares of SAP in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $216.40.

Get Our Latest Stock Analysis on SAP

SAP Price Performance

SAP stock traded up $2.21 during mid-day trading on Friday, reaching $193.68. 344,183 shares of the company traded hands, compared to its average volume of 769,005. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $199.29. The firm’s fifty day moving average is $187.67 and its two-hundred day moving average is $178.74.

SAP (NYSE:SAPGet Free Report) last issued its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). SAP had a net margin of 15.76% and a return on equity of 9.79%. The company had revenue of $8.73 billion for the quarter, compared to analyst estimates of $8.73 billion. Sell-side analysts anticipate that SAP SE will post 4.56 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th were paid a $2.3852 dividend. The ex-dividend date was Thursday, May 16th. This represents a dividend yield of 0.9%. This is a positive change from SAP’s previous annual dividend of $2.19. SAP’s dividend payout ratio is presently 37.53%.

About SAP

(Free Report)

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.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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