SAP SE (NYSE:SAP) Shares Bought by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC grew its position in shares of SAP SE (NYSE:SAP) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,522 shares of the software maker’s stock after purchasing an additional 140 shares during the period. SAP makes up about 1.1% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 28th largest holding. Hollow Brook Wealth Management LLC’s holdings in SAP were worth $2,863,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in SAP during the fourth quarter worth $246,000. Norden Group LLC acquired a new position in SAP during the fourth quarter worth $415,000. Intrust Bank NA lifted its stake in SAP by 4.0% during the fourth quarter. Intrust Bank NA now owns 4,322 shares of the software maker’s stock worth $668,000 after purchasing an additional 165 shares in the last quarter. Naviter Wealth LLC lifted its stake in SAP by 20.9% during the fourth quarter. Naviter Wealth LLC now owns 15,953 shares of the software maker’s stock worth $2,466,000 after purchasing an additional 2,759 shares in the last quarter. Finally, Gitterman Wealth Management LLC acquired a new position in SAP during the fourth quarter worth $239,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SAP shares. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JMP Securities upped their price objective on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 23rd. StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. BMO Capital Markets upped their price objective on SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, Barclays dropped their target price on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $206.20.

SAP Stock Performance

Shares of SAP stock traded down $2.53 during mid-day trading on Tuesday, hitting $181.24. 773,253 shares of the stock were exchanged, compared to its average volume of 776,704. The stock’s fifty day simple moving average is $188.19 and its two-hundred day simple moving average is $167.03. SAP SE has a 12-month low of $126.75 and a 12-month high of $199.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $2.3852 per share. 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 (DPR) 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.