Frazier Financial Advisors LLC Invests $38,000 in SAP SE (NYSE:SAP)

Frazier Financial Advisors LLC bought a new position in SAP SE (NYSE:SAP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 249 shares of the software maker’s stock, valued at approximately $38,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Column Capital Advisors LLC boosted its stake in SAP by 121.0% during the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock valued at $29,000 after purchasing an additional 121 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in SAP during the 4th quarter valued at about $31,000. Larson Financial Group LLC acquired a new position in SAP during the 4th quarter valued at about $33,000. Partnership Wealth Management LLC acquired a new position in SAP during the 4th quarter valued at about $40,000. Finally, HHM Wealth Advisors LLC boosted its stake in 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 purchasing an additional 180 shares during the period.

SAP Stock Performance

Shares of NYSE SAP traded up $2.68 during midday trading on Thursday, reaching $196.59. The company’s stock had a trading volume of 373,545 shares, compared to its average volume of 744,567. SAP SE has a one year low of $126.75 and a one year high of $199.29. The company has a 50 day moving average price of $188.46 and a 200 day moving average price of $173.11. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18.

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

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be issued a dividend of $2.3852 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 0.9%. This is a positive change from SAP’s previous annual dividend of $2.19. SAP’s payout ratio is currently 37.53%.

Analysts Set New Price Targets

A number of research analysts have issued reports on SAP shares. JMP Securities boosted their target price 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. BMO Capital Markets boosted their price target on shares of SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Barclays dropped their price target on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $216.40.

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.