SAP SE (NYSE:SAP) Holdings Cut by Foresight Global Investors Inc.

Foresight Global Investors Inc. decreased its position in shares of SAP SE (NYSE:SAP) by 14.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 98,778 shares of the software maker’s stock after selling 16,930 shares during the period. SAP accounts for approximately 8.8% of Foresight Global Investors Inc.’s portfolio, making the stock its 3rd largest holding. Foresight Global Investors Inc.’s holdings in SAP were worth $15,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its position in SAP by 4.8% during the third quarter. Commonwealth Equity Services LLC now owns 17,492 shares of the software maker’s stock worth $2,262,000 after purchasing an additional 800 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of SAP by 3.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,625 shares of the software maker’s stock worth $469,000 after buying an additional 117 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of SAP by 10.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,325 shares of the software maker’s stock worth $1,723,000 after buying an additional 1,221 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in SAP by 6.3% in the third quarter. Stratos Wealth Partners LTD. now owns 2,334 shares of the software maker’s stock valued at $302,000 after acquiring an additional 139 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in SAP by 15.4% during the third quarter. Bank of New York Mellon Corp now owns 433,280 shares of the software maker’s stock valued at $56,032,000 after acquiring an additional 57,708 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. KeyCorp initiated coverage on SAP in a report on Thursday, March 21st. They set an “overweight” rating for the company. The Goldman Sachs Group increased their price objective on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets increased their price target on SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Finally, Barclays reduced their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Two equities 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, SAP presently has an average rating of “Moderate Buy” and an average target price of $206.20.

SAP Trading Up 0.9 %

Shares of NYSE:SAP traded up $1.66 during trading on Thursday, hitting $191.97. The company’s stock had a trading volume of 652,575 shares, compared to its average volume of 762,889. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $199.29. The stock’s 50-day moving average price is $188.24 and its two-hundred day moving average price is $169.04. 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 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 an increase from SAP’s previous annual dividend of $2.19. SAP’s dividend payout ratio (DPR) is presently 34.92%.

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.