Vestmark Advisory Solutions Inc. Grows Stock Holdings in SAP SE (NYSE:SAP)

Vestmark Advisory Solutions Inc. lifted its position in shares of SAP SE (NYSE:SAP) by 78.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,869 shares of the software maker’s stock after purchasing an additional 6,528 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in SAP were worth $2,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Column Capital Advisors LLC increased its position 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 valued at $29,000 after buying an additional 121 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of SAP in the 4th quarter worth about $31,000. Larson Financial Group LLC purchased a new position in SAP during the 4th quarter valued at about $33,000. HHM Wealth Advisors LLC boosted its stake in SAP by 126.8% during 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 in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in 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 purchasing an additional 155 shares during the period.

SAP Stock Performance

NYSE:SAP traded up $2.81 on Friday, reaching $183.45. 377,178 shares of the company’s stock traded hands, compared to its average volume of 906,032. The stock has a 50-day simple moving average of $188.24 and a 200-day simple moving average of $167.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.25. SAP SE has a 12 month low of $126.75 and a 12 month high of $199.29.

SAP Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JMP Securities lifted their target price on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday, April 23rd. Barclays dropped their target price on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. The Goldman Sachs Group lifted their price target on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, KeyCorp assumed coverage on shares of SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. Two equities research 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.

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.