Blue Barn Wealth LLC Decreases Stock Holdings in SAP SE (NYSE:SAP)

Blue Barn Wealth LLC lowered its stake in SAP SE (NYSE:SAP) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,853 shares of the software maker’s stock after selling 210 shares during the quarter. Blue Barn Wealth LLC’s holdings in SAP were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wetzel Investment Advisors Inc. bought a new position in SAP in the fourth quarter valued at about $31,000. Larson Financial Group LLC purchased a new stake in SAP during the fourth quarter valued at approximately $33,000. Column Capital Advisors LLC boosted its stake in shares of 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 acquiring an additional 121 shares during the last quarter. HHM Wealth Advisors LLC increased its stake 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 worth $50,000 after purchasing an additional 180 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised 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 worth $52,000 after purchasing an additional 155 shares during the period.

SAP Trading Up 1.5 %

Shares of NYSE:SAP traded up $2.77 during trading on Wednesday, hitting $190.31. The company had a trading volume of 907,600 shares, compared to its average volume of 764,128. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a fifty day simple moving average of $188.16 and a two-hundred day simple moving average of $168.89. SAP SE has a one year low of $126.75 and a one year high of $199.29.

SAP Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. 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 research report on Tuesday, April 23rd. KeyCorp started coverage on shares of SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. Barclays decreased their price target on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Finally, BMO Capital Markets increased their target price on SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.