1,528 Shares in SAP SE (NYSE:SAP) Purchased by Abel Hall LLC

Abel Hall LLC purchased a new stake in shares of SAP SE (NYSE:SAP) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,528 shares of the software maker’s stock, valued at approximately $236,000.

A number of other large investors have also recently modified their holdings of SAP. Wetzel Investment Advisors Inc. bought a new stake in shares of SAP during the 4th quarter valued at about $31,000. Larson Financial Group LLC bought a new stake in shares of SAP during the 4th quarter valued at about $33,000. Frazier Financial Advisors LLC bought a new stake in shares of SAP during the 4th quarter valued at about $38,000. Partnership Wealth Management LLC bought a new stake in shares of SAP during the 4th quarter valued at about $40,000. Finally, HHM Wealth Advisors LLC boosted its position in shares of SAP by 126.8% during the 4th quarter. HHM Wealth Advisors LLC now owns 322 shares of the software maker’s stock valued at $50,000 after acquiring an additional 180 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAP. Sanford C. Bernstein began coverage on SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price target for the company. KeyCorp began coverage on SAP in a research note on Thursday, March 21st. They issued 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 research note on Wednesday, April 24th. JMP Securities lifted their price target on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 23rd. Finally, StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $216.40.

SAP Stock Down 2.4 %

Shares of NYSE SAP traded down $4.60 during mid-day trading on Friday, hitting $187.82. 1,359,746 shares of the stock traded hands, compared to its average volume of 773,950. 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 SE has a 52 week low of $126.75 and a 52 week high of $199.29. The stock has a fifty day moving average price of $187.48 and a 200-day moving average price of $178.02.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.06). The business had revenue of $8.73 billion during the quarter, compared to analysts’ expectations of $8.73 billion. SAP had a return on equity of 9.79% and a net margin of 15.76%. As a group, research analysts forecast that SAP SE will post 4.56 EPS for the current year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th were given a $2.3852 dividend. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend was Thursday, May 16th. This represents a yield of 0.9%. SAP’s dividend payout ratio is presently 37.53%.

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.