New York State Common Retirement Fund Sells 3,824 Shares of SAP SE (NYSE:SAP)

New York State Common Retirement Fund decreased its holdings in SAP SE (NYSE:SAP) by 12.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,030 shares of the software maker’s stock after selling 3,824 shares during the quarter. New York State Common Retirement Fund’s holdings in SAP were worth $4,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in SAP. Column Capital Advisors LLC raised its position in 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 acquiring an additional 121 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of SAP in the 4th quarter worth $31,000. Ramirez Asset Management Inc. bought a new position in SAP in the 3rd quarter worth $58,000. Cary Street Partners Investment Advisory LLC lifted its position in SAP by 58.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 545 shares of the software maker’s stock valued at $70,000 after purchasing an additional 202 shares in the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in SAP during the fourth quarter valued at about $79,000.

SAP Stock Performance

Shares of SAP stock opened at $183.45 on Monday. The business has a 50-day moving average price of $188.24 and a 200-day moving average price of $168.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25. SAP SE has a twelve month low of $126.75 and a twelve month high of $199.29.

SAP Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be issued a $2.3852 dividend. 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. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio (DPR) is 34.92%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. KeyCorp started coverage on SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. JMP Securities lifted their target price on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 23rd. BMO Capital Markets increased their price target on SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Finally, Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.20.

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.