Hollow Brook Wealth Management LLC Grows Position in SAP SE (NYSE:SAP)

Hollow Brook Wealth Management LLC lifted its holdings in shares of SAP SE (NYSE:SAP) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,522 shares of the software maker’s stock after acquiring an additional 140 shares during the quarter. SAP makes up 1.1% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 28th biggest position. Hollow Brook Wealth Management LLC’s holdings in SAP were worth $2,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Column Capital Advisors LLC raised its holdings in SAP by 121.0% in the third quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock worth $29,000 after purchasing an additional 121 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in SAP in the fourth quarter worth $31,000. Larson Financial Group LLC purchased a new stake in shares of SAP in the fourth quarter worth $33,000. HHM Wealth Advisors LLC grew its stake in shares of SAP by 126.8% in the fourth quarter. HHM Wealth Advisors LLC now owns 322 shares of the software maker’s stock worth $50,000 after acquiring an additional 180 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of SAP by 84.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 338 shares of the software maker’s stock worth $52,000 after acquiring an additional 155 shares during the last quarter.

SAP Trading Down 1.4 %

Shares of NYSE:SAP traded down $2.53 during trading on Tuesday, hitting $181.24. The stock 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 company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $188.19 and a two-hundred day simple moving average of $167.03.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be issued a $2.3852 dividend. This is a positive change 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 (DPR) is presently 34.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SAP shares. JMP Securities increased their price objective on SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 23rd. StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. KeyCorp started coverage on SAP in a report on Thursday, March 21st. They set an “overweight” rating on the stock. Finally, Barclays decreased their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and a consensus target price of $206.20.

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.