Brighton Jones LLC Makes New Investment in SAP SE (NYSE:SAP)

Brighton Jones LLC purchased a new position in SAP SE (NYSE:SAP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,594 shares of the software maker’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in SAP by 2.1% in the third quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock worth $758,364,000 after purchasing an additional 122,135 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of SAP by 1.7% during the third quarter. Clearbridge Investments LLC now owns 2,362,893 shares of the software maker’s stock valued at $305,569,000 after buying an additional 38,625 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of SAP by 213.0% during the third quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock valued at $183,507,000 after buying an additional 966,450 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SAP by 64.1% during the third 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 last quarter. Finally, Northern Trust Corp grew its holdings in shares of SAP by 3.7% during the third quarter. Northern Trust Corp now owns 897,430 shares of the software maker’s stock valued at $116,056,000 after buying an additional 31,675 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SAP. The Goldman Sachs Group boosted their price objective on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a report on Friday, January 26th. BMO Capital Markets boosted their price objective on shares of SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a report on Friday, April 26th. JMP Securities boosted 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. KeyCorp assumed coverage on shares of SAP in a research report on Thursday, March 21st. They set an “overweight” rating for the company. Finally, StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $206.20.

SAP Trading Up 1.6 %

Shares of SAP stock opened at $183.47 on Friday. The firm has a 50-day simple moving average of $188.25 and a two-hundred day simple moving average of $167.22. SAP SE has a fifty-two week low of $126.75 and a fifty-two week 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 company also recently disclosed 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 represents a dividend yield of 0.9%. This is an increase from SAP’s previous annual dividend of $2.19. SAP’s dividend payout ratio is 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.