Atria Wealth Solutions Inc. Increases Holdings in SAP SE (NYSE:SAP)

Atria Wealth Solutions Inc. increased its stake in shares of SAP SE (NYSE:SAP) by 65.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,534 shares of the software maker’s stock after purchasing an additional 1,392 shares during the period. Atria Wealth Solutions Inc.’s holdings in SAP were worth $546,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Column Capital Advisors LLC lifted its holdings in shares of SAP by 121.0% in the third quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock worth $29,000 after buying an additional 121 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in SAP in the 4th quarter worth approximately $31,000. Larson Financial Group LLC bought a new position in SAP in the 4th quarter valued at $33,000. Parkside Financial Bank & Trust grew its position 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 purchasing an additional 155 shares in the last quarter. Finally, Ramirez Asset Management Inc. bought a new position in shares of SAP in the third quarter worth $58,000.

Analyst Ratings Changes

Several equities analysts recently commented on SAP shares. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. KeyCorp assumed coverage on shares of SAP in a research report on Thursday, March 21st. They issued an “overweight” rating on the stock. The Goldman Sachs Group lifted 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. Barclays decreased their price target on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Finally, BMO Capital Markets lifted 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.20.

SAP Trading Up 1.6 %

Shares of SAP opened at $183.45 on Monday. SAP SE has a 1 year low of $126.75 and a 1 year high of $199.29. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $188.24 and a two-hundred day simple moving average of $168.13.

SAP Increases Dividend

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

SAP 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.