Axxcess Wealth Management LLC Has $662,000 Stock Position in SAP SE (NYSE:SAP)

Axxcess Wealth Management LLC cut its stake in SAP SE (NYSE:SAP) by 6.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,281 shares of the software maker’s stock after selling 305 shares during the period. Axxcess Wealth Management LLC’s holdings in SAP were worth $662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its position in shares of SAP by 4.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 17,492 shares of the software maker’s stock valued at $2,262,000 after acquiring an additional 800 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in SAP by 3.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,625 shares of the software maker’s stock valued at $469,000 after acquiring an additional 117 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in SAP by 10.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,325 shares of the software maker’s stock worth $1,723,000 after acquiring an additional 1,221 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of SAP by 6.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,334 shares of the software maker’s stock valued at $302,000 after purchasing an additional 139 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of SAP by 15.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 433,280 shares of the software maker’s stock worth $56,032,000 after purchasing an additional 57,708 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have weighed in on SAP shares. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets boosted their price objective on SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. KeyCorp started coverage on SAP in a research note on Thursday, March 21st. They issued an “overweight” rating for the company. JMP Securities upped their price target on shares of SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $206.20.

SAP Trading Up 1.1 %

Shares of SAP opened at $187.54 on Wednesday. SAP SE has a twelve month low of $126.75 and a twelve 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 price is $188.16 and its two-hundred day moving average price is $168.89.

SAP Increases Dividend

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