Benjamin Edwards Inc. Buys 106 Shares of SAP SE (NYSE:SAP)

Benjamin Edwards Inc. increased its stake in shares of SAP SE (NYSE:SAP) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 891 shares of the software maker’s stock after purchasing an additional 106 shares during the quarter. Benjamin Edwards Inc.’s holdings in SAP were worth $138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC lifted its position in SAP by 2.1% during the 3rd quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock valued at $758,364,000 after purchasing an additional 122,135 shares during the period. Clearbridge Investments LLC raised its stake in shares of SAP by 1.7% during the third quarter. Clearbridge Investments LLC now owns 2,362,893 shares of the software maker’s stock worth $305,569,000 after buying an additional 38,625 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in SAP by 213.0% in the third quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock valued at $183,507,000 after buying an additional 966,450 shares during the period. Envestnet Asset Management Inc. boosted its stake in SAP by 64.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock valued at $137,160,000 after acquiring an additional 414,407 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in SAP by 3.7% during the 3rd quarter. Northern Trust Corp now owns 897,430 shares of the software maker’s stock worth $116,056,000 after acquiring an additional 31,675 shares during the period.

SAP Stock Up 1.6 %

SAP opened at $183.45 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25. The business has a fifty day simple moving average of $188.24 and a 200 day simple moving average of $167.58. SAP SE has a 1 year low of $126.75 and a 1 year high of $199.29.

SAP Increases Dividend

The business 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 $2.3852 dividend. This is a boost from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. The ex-dividend date is Thursday, May 16th. SAP’s payout ratio is 34.92%.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, January 26th. StockNews.com cut shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. JMP Securities upped their price objective on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 23rd. 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 note on Friday, April 26th. Finally, Barclays cut their price target on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.