SAP SE (NYSE:SAP) Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its position in SAP SE (NYSE:SAP) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,729 shares of the software maker’s stock after acquiring an additional 2,446 shares during the period. M&T Bank Corp’s holdings in SAP were worth $5,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SAP. Benjamin F. Edwards & Company Inc. acquired a new stake in SAP during the 4th quarter worth about $1,063,000. Natixis Advisors L.P. boosted its stake in shares of SAP by 8.3% during the 4th quarter. Natixis Advisors L.P. now owns 404,730 shares of the software maker’s stock worth $62,566,000 after acquiring an additional 31,135 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of SAP by 13.5% during the 4th quarter. Benjamin Edwards Inc. now owns 891 shares of the software maker’s stock worth $138,000 after acquiring an additional 106 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of SAP by 6.1% during the 4th quarter. First Trust Direct Indexing L.P. now owns 20,592 shares of the software maker’s stock worth $3,183,000 after acquiring an additional 1,188 shares in the last quarter. Finally, Great Valley Advisor Group Inc. purchased a new stake in shares of SAP during the 4th quarter worth about $220,000.

SAP Trading Up 1.1 %

SAP stock opened at $185.41 on Tuesday. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $199.29. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $188.20 and a 200 day moving average price of $168.49.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SAP. JMP Securities raised their price target on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 23rd. Barclays decreased 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. BMO Capital Markets raised their target price on shares of SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, The Goldman Sachs Group raised their target price on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.