Great Valley Advisor Group Inc. Takes Position in SAP SE (NYSE:SAP)

Great Valley Advisor Group Inc. acquired a new position in SAP SE (NYSE:SAP) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,421 shares of the software maker’s stock, valued at approximately $220,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in SAP by 4.8% during the third quarter. Commonwealth Equity Services LLC now owns 17,492 shares of the software maker’s stock worth $2,262,000 after acquiring an additional 800 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in SAP by 3.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,625 shares of the software maker’s stock worth $469,000 after buying an additional 117 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in SAP by 10.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,325 shares of the software maker’s stock worth $1,723,000 after buying an additional 1,221 shares during the period. Stratos Wealth Partners LTD. lifted its stake in SAP by 6.3% in the third quarter. Stratos Wealth Partners LTD. now owns 2,334 shares of the software maker’s stock valued at $302,000 after buying an additional 139 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of SAP by 15.4% during the third quarter. Bank of New York Mellon Corp now owns 433,280 shares of the software maker’s stock worth $56,032,000 after acquiring an additional 57,708 shares during the last quarter.

SAP Stock Up 1.1 %

Shares of SAP stock opened at $185.41 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 fifty day moving average is $188.20 and its 200-day moving average is $168.49. SAP SE has a 1 year low of $126.75 and a 1 year high of $199.29.

SAP Increases Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on SAP shares. BMO Capital Markets lifted their price objective on shares of SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Barclays reduced their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. The Goldman Sachs Group lifted their target price on SAP from $185.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, January 26th. JMP Securities increased their price target on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 23rd. Finally, KeyCorp initiated coverage on shares of SAP in a research note on Thursday, March 21st. They set 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. According to data from MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.20.

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.