Commonwealth Equity Services LLC Sells 2,055 Shares of SAP SE (NYSE:SAP)

Commonwealth Equity Services LLC reduced its stake in shares of SAP SE (NYSE:SAP – Get Rating) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,878 shares of the software maker’s stock after selling 2,055 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SAP were worth $1,019,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Montag A & Associates Inc. raised its position in SAP by 22.9% during the fourth quarter. Montag A & Associates Inc. now owns 504 shares of the software maker’s stock worth $52,000 after acquiring an additional 94 shares during the period. Exencial Wealth Advisors LLC increased its stake in shares of SAP by 1.0% during the third quarter. Exencial Wealth Advisors LLC now owns 11,757 shares of the software maker’s stock worth $955,000 after buying an additional 114 shares during the period. IFP Advisors Inc increased its holdings in shares of SAP by 7.7% in the 3rd quarter. IFP Advisors Inc now owns 1,997 shares of the software maker’s stock valued at $159,000 after acquiring an additional 142 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of SAP by 44.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 511 shares of the software maker’s stock worth $41,000 after buying an additional 157 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its position in SAP by 72.7% in the third quarter. CENTRAL TRUST Co now owns 380 shares of the software maker’s stock valued at $31,000 after acquiring an additional 160 shares during the last quarter. 5.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SAP. BMO Capital Markets raised their price objective on SAP from $125.00 to $140.00 in a research note on Monday, April 24th. TheStreet cut SAP from a “b” rating to a “c+” rating in a report on Tuesday, April 25th. StockNews.com initiated coverage on SAP in a research note on Thursday, May 18th. They set a “strong-buy” rating for the company. Barclays raised their price target on shares of SAP from $134.00 to $136.00 in a research report on Monday, April 24th. Finally, BNP Paribas upgraded shares of SAP from a “neutral” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Friday, March 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.20.

SAP Stock Performance

SAP stock opened at $133.29 on Tuesday. The business’s 50-day moving average price is $128.85 and its two-hundred day moving average price is $117.70. SAP SE has a 12-month low of $78.22 and a 12-month high of $137.32. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.21. The stock has a market cap of $157.23 billion, a PE ratio of 74.46, a P/E/G ratio of 2.46 and a beta of 1.19.

SAP Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 15th were issued a $2.1864 dividend. The ex-dividend date was Friday, May 12th. This represents a yield of 1.3%. SAP’s dividend payout ratio (DPR) is presently 89.94%.

About SAP

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SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Support; Qualtrics; and Services. The Applications, Technology, and Services segment includes sale of software licenses, support offerings, and cloud subscriptions.