First Trust Direct Indexing L.P. Has $3.18 Million Stock Position in SAP SE (NYSE:SAP)

First Trust Direct Indexing L.P. boosted its stake in SAP SE (NYSE:SAP) by 6.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,592 shares of the software maker’s stock after buying an additional 1,188 shares during the period. First Trust Direct Indexing L.P.’s holdings in SAP were worth $3,183,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in SAP in the 4th quarter valued at about $31,000. Larson Financial Group LLC bought a new stake in SAP in the 4th quarter valued at about $33,000. Column Capital Advisors LLC boosted its holdings in SAP by 121.0% in the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock valued at $29,000 after purchasing an additional 121 shares during the period. HHM Wealth Advisors LLC boosted its holdings in 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 during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in SAP by 84.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 338 shares of the software maker’s stock valued at $52,000 after purchasing an additional 155 shares during the period.

SAP Trading Down 0.6 %

NYSE SAP traded down $1.14 on Wednesday, hitting $180.07. The company’s stock had a trading volume of 622,168 shares, compared to its average volume of 774,865. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. SAP SE has a 1-year low of $126.75 and a 1-year high of $199.29. The company’s 50-day moving average is $188.19 and its 200 day moving average is $167.03. The firm has a market cap of $212.41 billion, a PE ratio of 39.04, a PEG ratio of 3.60 and a beta of 1.25.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be given a $2.3852 dividend. This is a boost from SAP’s previous annual dividend of $2.19. This represents a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 16th. SAP’s dividend payout ratio is 37.31%.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. The Goldman Sachs Group upped their price target on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Barclays cut their price target on shares of SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. JMP Securities upped their price target on shares of SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 23rd. Finally, StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.20.

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.