SAP SE (NYSE:SAP) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. decreased its position in SAP SE (NYSE:SAP) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,531 shares of the software maker’s stock after selling 345 shares during the quarter. Freedom Investment Management Inc.’s holdings in SAP were worth $377,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Centricity Wealth Management LLC bought a new stake in shares of SAP during the 4th quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP during the fourth quarter valued at about $27,000. Rakuten Securities Inc. boosted its holdings in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after buying an additional 108 shares during the period. Albion Financial Group UT raised its holdings in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in SAP during the 4th quarter worth approximately $42,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SAP. JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Barclays raised their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP has a consensus rating of “Buy” and a consensus price target of $247.67.

SAP Trading Down 2.6 %

NYSE:SAP opened at $250.65 on Tuesday. The company’s 50 day moving average is $269.66 and its 200-day moving average is $255.78. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a 12 month low of $176.14 and a 12 month high of $293.70. The firm has a market cap of $307.92 billion, a price-to-earnings ratio of 87.33, a P/E/G ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $2.5423 per share. The ex-dividend date is Tuesday, May 13th. This is a positive change from SAP’s previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP’s payout ratio is 64.11%.

SAP 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.