SAP SE $SAP Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its holdings in SAP SE (NYSE:SAP) by 32.1% during the fourth quarter, Holdings Channel reports. The fund owned 6,915 shares of the software maker’s stock after selling 3,275 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in SAP were worth $1,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SAP. Sound Income Strategies LLC increased its stake in shares of SAP by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after acquiring an additional 58 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of SAP in the third quarter worth $27,000. Community Bank N.A. acquired a new stake in shares of SAP in the third quarter worth $32,000. GoalVest Advisory LLC acquired a new stake in shares of SAP in the fourth quarter worth $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after acquiring an additional 129 shares during the period.

SAP Stock Down 1.2%

SAP stock opened at $184.89 on Friday. The firm has a market cap of $227.14 billion, a PE ratio of 24.99, a P/E/G ratio of 2.09 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s fifty day moving average is $173.63 and its 200 day moving average is $204.83. SAP SE has a one year low of $158.58 and a one year high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The company had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. On average, research analysts forecast that SAP SE will post 8.39 EPS for the current year.

SAP Increases Dividend

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

Wall Street Analyst Weigh In

SAP has been the topic of a number of research reports. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 22nd. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Barclays raised their price target on shares of SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Weiss Ratings lowered shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. Finally, Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $288.00.

SAP Profile

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.