Summit Trail Advisors LLC Has $323,000 Stock Position in SAP SE (NYSE:SAP)

Summit Trail Advisors LLC reduced its position in SAP SE (NYSE:SAP) by 20.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,089 shares of the software maker’s stock after selling 553 shares during the period. Summit Trail Advisors LLC’s holdings in SAP were worth $323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. acquired a new position in SAP in the fourth quarter worth approximately $31,000. Larson Financial Group LLC bought a new position in shares of SAP during the 4th quarter valued at $33,000. Column Capital Advisors LLC raised its holdings in shares of SAP by 121.0% during the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock valued at $29,000 after purchasing an additional 121 shares in the last quarter. HHM Wealth Advisors LLC lifted its stake in shares of SAP by 126.8% in the 4th quarter. HHM Wealth Advisors LLC now owns 322 shares of the software maker’s stock valued at $50,000 after purchasing an additional 180 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in SAP by 84.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 338 shares of the software maker’s stock worth $52,000 after purchasing an additional 155 shares in the last quarter.

SAP Trading Up 0.8 %

Shares of SAP stock opened at $189.05 on Wednesday. The company’s fifty day simple moving average is $188.16 and its 200-day simple moving average is $168.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25. SAP SE has a 1 year low of $126.75 and a 1 year high of $199.29.

SAP Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAP. The Goldman Sachs Group boosted their price target on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. KeyCorp assumed coverage on shares of SAP in a research note on Thursday, March 21st. They issued an “overweight” rating for the company. Finally, JMP Securities raised their target price on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.