SAP SE (NYSE:SAP) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of SAP SE (NYSE:SAP) by 43.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 539 shares of the software maker’s stock after acquiring an additional 163 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in SAP were worth $83,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Stifel Financial Corp increased its holdings in shares of SAP by 10.9% in the 3rd quarter. Stifel Financial Corp now owns 193,376 shares of the software maker’s stock valued at $25,007,000 after acquiring an additional 19,080 shares during the last quarter. Blue Trust Inc. boosted its holdings in SAP by 5.8% in the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after purchasing an additional 75 shares in the last quarter. Clear Street Markets LLC increased its stake in SAP by 2.8% in the third quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock valued at $800,000 after purchasing an additional 166 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in SAP during the third quarter worth approximately $430,000. Finally, Private Trust Co. NA lifted its position in shares of SAP by 68.5% during the 4th quarter. Private Trust Co. NA now owns 1,547 shares of the software maker’s stock worth $239,000 after buying an additional 629 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. BMO Capital Markets lifted their price target on shares of SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research note on Friday. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Barclays decreased their target price on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, JMP Securities boosted 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, SAP currently has an average rating of “Moderate Buy” and an average price target of $206.20.

SAP Stock Down 1.3 %

Shares of SAP stock opened at $183.80 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $188.09 and its two-hundred day moving average is $166.66. SAP SE has a twelve month low of $126.75 and a twelve month high of $199.29.

SAP Increases Dividend

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

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.