SAP SE (NYSE:SAP) Shares Sold by Golden State Equity Partners

Golden State Equity Partners reduced its position in shares of SAP SE (NYSE:SAP) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,823 shares of the software maker’s stock after selling 105 shares during the period. Golden State Equity Partners’ holdings in SAP were worth $436,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SAP. Column Capital Advisors LLC increased its stake in SAP by 121.0% in the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock worth $29,000 after purchasing an additional 121 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in SAP during the 4th quarter worth about $31,000. Larson Financial Group LLC acquired a new stake in SAP during the 4th quarter worth about $33,000. Parkside Financial Bank & Trust boosted its position in SAP by 84.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 338 shares of the software maker’s stock worth $52,000 after acquiring an additional 155 shares during the period. Finally, Ramirez Asset Management Inc. acquired a new stake in SAP during the 3rd quarter worth about $58,000.

SAP Stock Up 0.6 %

Shares of SAP stock opened at $186.18 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.40. The stock’s 50 day simple moving average is $187.96 and its 200 day simple moving average is $166.06. SAP SE has a twelve month low of $126.75 and a twelve month high of $199.29.

SAP Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets lifted their price target on SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a report on Friday. The Goldman Sachs Group lifted their price target on SAP from $185.00 to $207.00 and gave the company a “buy” rating in a report on Friday, January 26th. Barclays cut their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, KeyCorp assumed coverage on SAP in a research note on Thursday, March 21st. They issued an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $206.20.

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.