International Assets Investment Management LLC Invests $17.26 Million in SAP SE (NYSE:SAP)

International Assets Investment Management LLC bought a new position in shares of SAP SE (NYSE:SAP) in the fourth quarter, Holdings Channel reports. The institutional investor bought 111,615 shares of the software maker’s stock, valued at approximately $17,255,000.

Several other institutional investors have also recently added to or reduced their stakes in SAP. Column Capital Advisors LLC grew its holdings in SAP by 121.0% during the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock worth $29,000 after acquiring an additional 121 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of SAP in the third quarter valued at approximately $58,000. Cary Street Partners Investment Advisory LLC raised its position in SAP by 58.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 545 shares of the software maker’s stock worth $70,000 after purchasing an additional 202 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in SAP in the 4th quarter worth approximately $79,000. Finally, AdvisorNet Financial Inc lifted its holdings in SAP by 135.1% during the 4th quarter. AdvisorNet Financial Inc now owns 522 shares of the software maker’s stock worth $81,000 after buying an additional 300 shares in the last quarter.

SAP Stock Performance

SAP stock opened at $183.45 on Friday. The company’s 50 day simple moving average is $188.24 and its 200 day simple moving average is $167.58. 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 SE has a fifty-two week low of $126.75 and a fifty-two week high of $199.29.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be given 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 dividend payout ratio (DPR) is currently 34.92%.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent research reports. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. The Goldman Sachs Group upped their target price on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, January 26th. 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 report on Friday, April 26th. JMP Securities increased their price objective on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday, April 23rd. Finally, KeyCorp started coverage on shares of SAP in a research note on Thursday, March 21st. They issued an “overweight” rating on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average price target 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.