Barclays Trims SAP (NYSE:SAP) Target Price to $210.00

SAP (NYSE:SAP) had its price objective cut by Barclays from $212.00 to $210.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an overweight rating on the software maker’s stock.

A number of other brokerages also recently commented on SAP. StockNews.com downgraded SAP from a strong-buy rating to a buy rating in a research note on Thursday, April 18th. KeyCorp assumed coverage on SAP in a research note on Thursday, March 21st. They set an overweight rating for the company. Jefferies Financial Group upgraded SAP from a hold rating to a buy rating in a research note on Friday, February 2nd. BMO Capital Markets upped their price objective on SAP from $147.00 to $195.00 and gave the stock a market perform rating in a research note on Thursday, January 25th. Finally, The Goldman Sachs Group increased their price target on SAP from $185.00 to $207.00 and gave the stock a buy rating in a research note on Friday, January 26th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $206.20.

SAP Price Performance

Shares of SAP opened at $186.18 on Wednesday. The stock has a fifty day moving average price of $187.96 and a 200 day moving average price of $166.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.25. SAP has a 12 month low of $126.75 and a 12 month high of $199.29.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Stockholders 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. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio is 34.92%.

Institutional Trading of SAP

Several institutional investors have recently modified their holdings of the company. Sage Rhino Capital LLC lifted its holdings in shares of SAP by 2.0% in the first quarter. Sage Rhino Capital LLC now owns 3,418 shares of the software maker’s stock valued at $667,000 after buying an additional 67 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of SAP by 4.2% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 5,030 shares of the software maker’s stock valued at $981,000 after buying an additional 202 shares during the period. Mesirow Financial Investment Management Inc. acquired a new stake in shares of SAP in the first quarter valued at $389,000. Lindbrook Capital LLC lifted its holdings in shares of SAP by 4.3% during the first quarter. Lindbrook Capital LLC now owns 2,106 shares of the software maker’s stock valued at $411,000 after purchasing an additional 86 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of SAP by 54.2% during the first quarter. Aaron Wealth Advisors LLC now owns 6,260 shares of the software maker’s stock valued at $1,221,000 after purchasing an additional 2,200 shares during the last quarter.

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.