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

National Bank of Canada FI grew its stake in SAP SE (NYSE:SAP) by 54.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 83,942 shares of the software maker’s stock after buying an additional 29,417 shares during the quarter. National Bank of Canada FI’s holdings in SAP were worth $12,591,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp grew its position in SAP by 10.9% in the third quarter. Stifel Financial Corp now owns 193,376 shares of the software maker’s stock valued at $25,007,000 after purchasing an additional 19,080 shares in the last quarter. Blue Trust Inc. lifted its position in shares of SAP by 5.8% in the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after buying an additional 75 shares during the last quarter. Clear Street Markets LLC boosted its stake in SAP by 2.8% in the 3rd quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock valued at $800,000 after purchasing an additional 166 shares during the period. Private Trust Co. NA increased its position in SAP by 68.5% during the 4th quarter. Private Trust Co. NA now owns 1,547 shares of the software maker’s stock worth $239,000 after buying an additional 629 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in shares of SAP in the third quarter valued at about $430,000.

Analysts Set New Price Targets

SAP has been the subject of several analyst reports. BMO Capital Markets lifted their price objective on shares of SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Barclays reduced their price target on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. The Goldman Sachs Group upped their price objective on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $206.20.

SAP Stock Up 1.5 %

SAP opened at $190.28 on Thursday. The company’s 50 day moving average price is $188.16 and its two-hundred day moving average price is $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 SE has a fifty-two week low of $126.75 and a fifty-two week high of $199.29.

SAP Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be paid a $2.3852 dividend. 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 dividend yield of 0.9%. SAP’s dividend 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.