SAP SE (NYSE:SAP) Stake Increased by PFG Investments LLC

PFG Investments LLC grew its holdings in SAP SE (NYSE:SAP) by 6.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,366 shares of the software maker’s stock after purchasing an additional 142 shares during the period. PFG Investments LLC’s holdings in SAP were worth $461,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in shares of SAP in the first quarter valued at $25,000. Column Capital Advisors LLC raised its holdings in shares of SAP by 121.0% during the third quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock worth $29,000 after acquiring an additional 121 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of SAP during the first quarter worth $29,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of SAP during the fourth quarter worth $31,000. Finally, Adirondack Trust Co. raised its holdings in shares of SAP by 121.1% during the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after acquiring an additional 109 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays cut their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets increased their target price on shares of SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research report on Friday. KeyCorp started coverage on SAP in a research report on Thursday, March 21st. They issued an “overweight” rating on the stock. Finally, The Goldman Sachs Group boosted their price objective on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $206.20.

SAP Trading Down 1.4 %

Shares of SAP stock traded down $2.53 during trading hours on Tuesday, hitting $181.24. The company had a trading volume of 773,253 shares, compared to its average volume of 776,704. SAP SE has a 12 month low of $126.75 and a 12 month high of $199.29. The firm’s fifty day moving average is $188.19 and its 200 day moving average is $167.03. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be paid a $2.3852 dividend. This is a positive change from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 16th. SAP’s dividend payout ratio is currently 34.92%.

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.