New Republic Capital LLC Reduces Holdings in SAP SE (NYSE:SAP)

New Republic Capital LLC cut its holdings in SAP SE (NYSE:SAPFree Report) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,389 shares of the software maker’s stock after selling 169 shares during the quarter. New Republic Capital LLC’s holdings in SAP were worth $215,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC acquired a new stake in shares of SAP during the 4th quarter worth about $492,000. Stifel Financial Corp raised its holdings 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 acquiring an additional 19,080 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of SAP by 5.8% during the 4th quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock worth $210,000 after purchasing an additional 75 shares during the period. Clear Street Markets LLC boosted its holdings in shares of SAP by 2.8% during the third quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock worth $800,000 after purchasing an additional 166 shares during the last quarter. Finally, Eagle Global Advisors LLC grew its position in shares of SAP by 7.1% in the fourth quarter. Eagle Global Advisors LLC now owns 16,272 shares of the software maker’s stock valued at $2,515,000 after purchasing an additional 1,080 shares during the period.

SAP Stock Performance

SAP traded down $2.14 during trading on Wednesday, reaching $190.38. 747,453 shares of the stock traded hands, compared to its average volume of 748,840. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.25. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $199.29. The stock’s 50-day simple moving average is $188.94 and its two-hundred day simple moving average is $174.81.

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

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th were paid a dividend of $2.3852 per share. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date was Thursday, May 16th. This represents a yield of 0.9%. SAP’s dividend payout ratio (DPR) is currently 37.53%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAP. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets boosted their target price 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. KeyCorp assumed coverage on shares of SAP in a research note on Thursday, March 21st. They issued an “overweight” rating on the stock. Finally, Sanford C. Bernstein assumed coverage on SAP in a report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, SAP has an average rating of “Moderate Buy” and a consensus price target of $216.40.

Read Our Latest Stock Report on SAP

SAP Company Profile

(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.

See Also

Institutional Ownership by Quarter for SAP (NYSE:SAP)

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