SAP SE (NYSE:SAP) Shares Acquired by Naviter Wealth LLC

Naviter Wealth LLC boosted its stake in SAP SE (NYSE:SAP) by 20.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,953 shares of the software maker’s stock after acquiring an additional 2,759 shares during the quarter. Naviter Wealth LLC’s holdings in SAP were worth $2,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wetzel Investment Advisors Inc. purchased a new stake in shares of SAP during the fourth quarter worth about $31,000. Larson Financial Group LLC acquired a new stake in SAP during the 4th quarter valued at approximately $33,000. Column Capital Advisors LLC increased its holdings in SAP by 121.0% during the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock worth $29,000 after purchasing an additional 121 shares during the last quarter. HHM Wealth Advisors LLC raised its position in shares of SAP by 126.8% in the 4th quarter. HHM Wealth Advisors LLC now owns 322 shares of the software maker’s stock valued at $50,000 after purchasing an additional 180 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of SAP by 84.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 338 shares of the software maker’s stock worth $52,000 after buying an additional 155 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets lifted their price target on SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research note on Friday. KeyCorp initiated coverage on SAP in a research note on Thursday, March 21st. They set an “overweight” rating on the stock. JMP Securities boosted their price target on SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday, April 23rd. Finally, StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.20.

SAP Stock Performance

Shares of NYSE SAP traded down $2.09 during mid-day trading on Monday, hitting $184.09. The company had a trading volume of 247,926 shares, compared to its average volume of 773,815. SAP SE has a 12 month low of $126.75 and a 12 month high of $199.29. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. The firm’s 50 day simple moving average is $187.96 and its two-hundred day simple moving average is $166.29.

SAP Increases Dividend

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

About SAP

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.