Gitterman Wealth Management LLC Invests $239,000 in SAP SE (NYSE:SAP)

Gitterman Wealth Management LLC bought a new position in SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,543 shares of the software maker’s stock, valued at approximately $239,000.

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

Analyst Upgrades and Downgrades

SAP has been the topic of a number of recent research reports. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. KeyCorp started coverage on SAP in a research note on Thursday, March 21st. They set an “overweight” rating on the stock. BMO Capital Markets raised their price objective on SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a research note on Friday. Barclays dropped 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, JMP Securities raised their price objective on SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.20.

SAP Stock Performance

Shares of NYSE SAP traded up $1.09 during mid-day trading on Friday, reaching $186.18. 920,934 shares of the company’s stock were exchanged, compared to its average volume of 895,693. SAP SE has a 52 week low of $126.75 and a 52 week high of $199.29. The company has a current ratio of 1.25, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $187.96 and a two-hundred day moving average price of $166.06.

SAP Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be paid a dividend of $2.3852 per share. This represents a dividend yield of 0.9%. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend is Thursday, May 16th. SAP’s payout ratio is presently 34.92%.

About SAP

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.