SAP SE $SAP Shares Sold by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC reduced its stake in SAP SE (NYSE:SAP) by 35.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,830 shares of the software maker’s stock after selling 50,322 shares during the period. SAP accounts for about 2.0% of Mar Vista Investment Partners LLC’s investment portfolio, making the stock its 25th biggest holding. Mar Vista Investment Partners LLC’s holdings in SAP were worth $22,064,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in SAP by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after acquiring an additional 58 shares during the period. Community Bank N.A. acquired a new position in shares of SAP during the third quarter worth approximately $32,000. Kozak & Associates Inc. acquired a new position in shares of SAP during the third quarter worth approximately $37,000. GoalVest Advisory LLC acquired a new position in shares of SAP during the fourth quarter worth approximately $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of SAP by 758.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after buying an additional 129 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $265.00 price objective on shares of SAP in a research report on Wednesday, June 10th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. Zacks Research downgraded SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $283.40.

SAP Price Performance

Shares of NYSE:SAP opened at $165.53 on Wednesday. SAP SE has a 12 month low of $158.58 and a 12 month high of $313.28. The stock has a market cap of $203.35 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.84 and a beta of 1.12. The stock’s 50 day moving average price is $173.69 and its 200 day moving average price is $201.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07.

SAP (NYSE:SAP) last announced its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The firm had revenue of $11.06 billion for the quarter. Equities research analysts anticipate that SAP SE will post 8.37 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 15th. Investors 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 dividend payout ratio is presently 28.92%.

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.