Atria Wealth Solutions Inc. Acquires 1,392 Shares of SAP SE (NYSE:SAP)

Atria Wealth Solutions Inc. boosted its stake in shares of SAP SE (NYSE:SAP) by 65.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,534 shares of the software maker’s stock after acquiring an additional 1,392 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in SAP were worth $546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAP. Wetzel Investment Advisors Inc. bought a new stake in shares of SAP during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC acquired a new position in SAP during the 4th quarter worth $33,000. Column Capital Advisors LLC boosted its position in SAP by 121.0% in the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock valued at $29,000 after buying an additional 121 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of SAP by 84.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 338 shares of the software maker’s stock valued at $52,000 after buying an additional 155 shares during the period. Finally, Ramirez Asset Management Inc. bought a new stake in shares of SAP during the third quarter worth $58,000.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SAP shares. JMP Securities lifted their price objective on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 23rd. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Barclays cut 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. The Goldman Sachs Group upped their target price on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $206.20.

SAP Stock Up 1.6 %

Shares of SAP stock opened at $183.45 on Monday. SAP SE has a 1 year low of $126.75 and a 1 year 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 business has a 50-day moving average of $188.24 and a two-hundred day moving average of $168.13.

SAP Increases Dividend

The business 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 is an increase from SAP’s previous annual dividend of $2.19. This represents a yield of 0.9%. The ex-dividend date is Thursday, May 16th. SAP’s dividend payout ratio (DPR) is 34.92%.

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.