SAP SE (NYSE:SAP) Shares Sold by Blue Barn Wealth LLC

Blue Barn Wealth LLC lessened its stake in shares of SAP SE (NYSE:SAP) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,853 shares of the software maker’s stock after selling 210 shares during the quarter. Blue Barn Wealth LLC’s holdings in SAP were worth $286,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. 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 acquiring an additional 19,080 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 acquiring an additional 75 shares in the last quarter. Clear Street Markets LLC boosted its stake in SAP by 2.8% during the 3rd quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock valued at $800,000 after acquiring an additional 166 shares during the last quarter. Private Trust Co. NA increased its position in shares of SAP by 68.5% in the 4th quarter. Private Trust Co. NA now owns 1,547 shares of the software maker’s stock worth $239,000 after purchasing an additional 629 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of SAP in the 3rd quarter valued at about $430,000.

SAP Stock Up 1.5 %

NYSE SAP traded up $2.77 on Wednesday, reaching $190.31. 907,600 shares of the stock traded hands, compared to its average volume of 764,128. SAP SE has a 12 month low of $126.75 and a 12 month high of $199.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s fifty day simple moving average is $188.16 and its 200 day simple moving average is $168.89.

SAP Increases Dividend

The firm also recently declared 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 of this dividend is Thursday, May 16th. This is a boost from SAP’s previous annual dividend of $2.19. This represents a yield of 0.9%. SAP’s payout ratio is 34.92%.

Analyst Ratings Changes

Several analysts have issued reports on SAP shares. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. StockNews.com cut shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. BMO Capital Markets upped their target price on SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a report on Friday, April 26th. JMP Securities upped their price objective on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 23rd. Finally, KeyCorp began coverage on shares of SAP in a research report on Thursday, March 21st. They set an “overweight” rating for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $206.20.

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.