International Assets Investment Management LLC Makes New Investment in SAP SE (NYSE:SAP)

International Assets Investment Management LLC purchased a new stake in shares of SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 111,615 shares of the software maker’s stock, valued at approximately $17,255,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. raised its position in shares of SAP by 5.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,437 shares of the software maker’s stock worth $222,000 after buying an additional 70 shares in the last quarter. Blue Trust Inc. lifted its position in SAP by 5.8% in the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock worth $210,000 after purchasing an additional 75 shares during the period. Axxcess Wealth Management LLC boosted its stake in SAP by 1.8% during the 3rd quarter. Axxcess Wealth Management LLC now owns 4,586 shares of the software maker’s stock valued at $593,000 after purchasing an additional 79 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its position in shares of SAP by 3.5% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 2,446 shares of the software maker’s stock valued at $316,000 after purchasing an additional 82 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of SAP by 18.6% in the 4th quarter. Global Retirement Partners LLC now owns 630 shares of the software maker’s stock worth $99,000 after buying an additional 99 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays decreased their target price on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. JMP Securities raised their target price on shares of SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 23rd. BMO Capital Markets increased their price objective on SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Finally, StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and a consensus price target of $206.20.

SAP Price Performance

NYSE SAP opened at $183.45 on Friday. The firm’s 50 day moving average price is $188.24 and its two-hundred day moving average price is $167.58. SAP SE has a twelve month low of $126.75 and a twelve month high of $199.29. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18.

SAP Increases Dividend

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

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.