HighPoint Advisor Group LLC Invests $876,000 in SAP SE (NYSE:SAP)

HighPoint Advisor Group LLC purchased a new position in shares of SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,668 shares of the software maker’s stock, valued at approximately $876,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Apollon Wealth Management LLC acquired a new position in shares of SAP during the fourth quarter worth about $492,000. Stifel Financial Corp boosted its holdings in SAP by 10.9% during the third quarter. Stifel Financial Corp now owns 193,376 shares of the software maker’s stock worth $25,007,000 after buying an additional 19,080 shares in the last quarter. Blue Trust Inc. boosted its holdings in SAP by 5.8% during the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock worth $210,000 after buying an additional 75 shares in the last quarter. Clear Street Markets LLC boosted its holdings in SAP by 2.8% during the third quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock worth $800,000 after buying an additional 166 shares in the last quarter. Finally, Phillips Wealth Planners LLC purchased a new stake in SAP during the fourth quarter worth about $221,000.

SAP Trading Down 0.7 %

Shares of NYSE SAP opened at $188.62 on Wednesday. SAP SE has a 12-month low of $126.75 and a 12-month high of $199.29. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average is $187.47 and its two-hundred day moving average is $178.58.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.06). The business had revenue of $8.73 billion during the quarter, compared to analysts’ expectations of $8.73 billion. SAP had a net margin of 15.76% and a return on equity of 9.79%. Research analysts anticipate that SAP SE will post 4.56 EPS for the current year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th were given a $2.3852 dividend. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from SAP’s previous annual dividend of $2.19. SAP’s payout ratio is currently 37.53%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SAP. 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 report on Wednesday, April 24th. JMP Securities boosted their price objective 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. Sanford C. Bernstein began coverage on shares of SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price objective on the stock. BMO Capital Markets boosted their price objective 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. Finally, KeyCorp started coverage on shares of SAP in a report on Thursday, March 21st. They issued an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.40.

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.