National Bank of Canada FI Buys 29,417 Shares of SAP SE (NYSE:SAP)

National Bank of Canada FI boosted its position in shares of SAP SE (NYSE:SAP) by 54.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,942 shares of the software maker’s stock after acquiring an additional 29,417 shares during the period. National Bank of Canada FI’s holdings in SAP were worth $12,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vestmark Advisory Solutions Inc. grew its position in SAP by 78.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,869 shares of the software maker’s stock worth $2,299,000 after buying an additional 6,528 shares in the last quarter. Sapient Capital LLC purchased a new position in SAP in the 4th quarter worth approximately $237,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of SAP in the 4th quarter worth $273,000. M&T Bank Corp raised its position in shares of SAP by 7.8% during the 4th quarter. M&T Bank Corp now owns 33,729 shares of the software maker’s stock valued at $5,214,000 after buying an additional 2,446 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of SAP during the 4th quarter worth $1,063,000.

SAP Price Performance

Shares of NYSE SAP opened at $190.28 on Thursday. SAP SE has a 1 year low of $126.75 and a 1 year high of $199.29. The firm has a 50-day moving average of $188.16 and a 200 day moving average of $168.89. 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 Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. BMO Capital Markets raised their target price 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. Barclays decreased their price objective 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. Finally, The Goldman Sachs Group increased their target price on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.