SAP SE (NYSE:SAP) Shares Sold by NBC Securities Inc.

NBC Securities Inc. decreased its holdings in shares of SAP SE (NYSE:SAP) by 17.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,156 shares of the software maker’s stock after selling 645 shares during the period. NBC Securities Inc.’s holdings in SAP were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Adirondack Trust Co. increased its position in SAP by 121.1% during the 4th quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after purchasing an additional 109 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in shares of SAP in the 4th quarter worth approximately $31,000. Larson Financial Group LLC acquired a new stake in shares of SAP in the 4th quarter worth approximately $33,000. Frazier Financial Advisors LLC acquired a new stake in shares of SAP in the 4th quarter worth approximately $38,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of SAP in the 4th quarter worth approximately $40,000.

Analyst Ratings Changes

A number of research firms recently weighed in on SAP. BMO Capital Markets upped their price target on SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. JMP Securities upped their price target on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 23rd. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Barclays reduced their target price on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Finally, Sanford C. Bernstein started coverage on SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $216.40.

SAP Stock Performance

SAP stock opened at $191.50 on Friday. SAP SE has a 1 year low of $126.75 and a 1 year high of $199.29. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $187.67 and its 200 day moving average price is $178.74.

SAP (NYSE:SAP) last posted its 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 during the quarter, compared to analysts’ expectations of $8.73 billion. As a group, research analysts forecast that SAP SE will post 4.56 EPS for the current fiscal 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 represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from SAP’s previous annual dividend of $2.19. SAP’s dividend payout ratio is currently 37.53%.

SAP Company 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.