SAP SE (NYSE:SAP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of SAP SE (NYSE:SAP) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $206.20.

A number of research firms recently commented on SAP. JMP Securities increased their target price on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 23rd. StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. KeyCorp began coverage on SAP in a research note on Thursday, March 21st. They set an “overweight” rating on the stock. BMO Capital Markets boosted their price objective on SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Barclays lowered their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th.

Hedge Funds Weigh In On SAP

Institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in shares of SAP by 213.0% in the third quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock valued at $183,507,000 after acquiring an additional 966,450 shares in the last quarter. Capital International Investors increased its position in SAP by 8.1% during the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after purchasing an additional 746,386 shares during the period. Lazard Asset Management LLC raised its stake in shares of SAP by 19,468.8% during the 3rd quarter. Lazard Asset Management LLC now owns 482,762 shares of the software maker’s stock worth $62,430,000 after buying an additional 480,295 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SAP by 64.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock valued at $137,160,000 after buying an additional 414,407 shares during the period. Finally, Verity & Verity LLC purchased a new stake in shares of SAP in the first quarter valued at approximately $35,000.

SAP Trading Down 1.3 %

SAP stock opened at $183.80 on Tuesday. 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 has a twelve month low of $126.75 and a twelve month high of $199.29. The company’s 50 day moving average is $188.09 and its two-hundred day moving average is $166.66.

SAP Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be issued a dividend of $2.3852 per share. The ex-dividend date is Thursday, May 16th. This is an increase from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio (DPR) is currently 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.