BMO Capital Markets Increases SAP (NYSE:SAP) Price Target to $218.00

SAP (NYSE:SAP) had its price target lifted by BMO Capital Markets from $215.00 to $218.00 in a report published on Friday, MarketBeat reports. BMO Capital Markets currently has a market perform rating on the software maker’s stock.

SAP has been the topic of a number of other research reports. StockNews.com lowered SAP from a strong-buy rating to a buy rating in a research report on Thursday, April 18th. KeyCorp initiated coverage on shares of SAP in a report on Thursday, March 21st. They issued an overweight rating on the stock. Jefferies Financial Group upgraded shares of SAP from a hold rating to a buy rating in a research note on Friday, February 2nd. Barclays dropped their price objective 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. Finally, JMP Securities boosted their target price on shares of SAP from $204.00 to $220.00 and gave the stock a market outperform rating in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $206.20.

SAP Stock Performance

SAP stock opened at $186.18 on Friday. The stock’s fifty day simple moving average is $187.96 and its 200-day simple moving average is $166.29. SAP has a twelve month low of $126.75 and a twelve month high of $199.29. The company has a quick ratio of 1.40, a current ratio of 1.25 and a debt-to-equity ratio of 0.18.

SAP Increases Dividend

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

Institutional Investors Weigh In On SAP

Hedge funds have recently modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new position in SAP during the first quarter worth $25,000. Sunbelt Securities Inc. purchased a new stake in shares of SAP in the 1st quarter worth about $29,000. Adirondack Trust Co. grew its stake in SAP by 121.1% in the 4th quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock valued at $31,000 after acquiring an additional 109 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in SAP during the 4th quarter valued at about $31,000. Finally, Larson Financial Group LLC acquired a new position in SAP during the fourth quarter worth about $33,000.

SAP Company 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.