Pacific Capital Wealth Advisors Inc. Acquires Shares of 996 SAP SE (NYSE:SAP)

Pacific Capital Wealth Advisors Inc. bought a new position in SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 996 shares of the software maker’s stock, valued at approximately $154,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Column Capital Advisors LLC lifted 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 acquiring an additional 121 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in SAP in the fourth quarter worth approximately $31,000. Larson Financial Group LLC bought a new stake in SAP in the 4th quarter worth approximately $33,000. HHM Wealth Advisors LLC raised 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 buying an additional 180 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of SAP by 84.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 338 shares of the software maker’s stock valued at $52,000 after buying an additional 155 shares during the period.

SAP Trading Up 1.5 %

Shares of SAP stock traded up $2.74 on Wednesday, reaching $190.28. The company had a trading volume of 907,600 shares, compared to its average volume of 764,128. The firm’s 50-day moving average price is $188.16 and its two-hundred day moving average price is $168.89. SAP SE has a 1 year low of $126.75 and a 1 year high of $199.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.25.

SAP Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on SAP. BMO Capital Markets raised their price objective on shares of SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. 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 note on Tuesday, April 23rd. StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Barclays reduced their price target on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Finally, KeyCorp initiated coverage on SAP in a research note on Thursday, March 21st. They set an “overweight” rating for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus target price of $206.20.

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.