Brighton Jones LLC Takes Position in SAP SE (NYSE:SAP)

Brighton Jones LLC acquired a new stake in SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,594 shares of the software maker’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SAP. Ameriprise Financial Inc. raised its holdings in shares of SAP by 213.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock valued at $183,507,000 after purchasing an additional 966,450 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of SAP by 19,468.8% in the 3rd quarter. Lazard Asset Management LLC now owns 482,762 shares of the software maker’s stock valued at $62,430,000 after purchasing an additional 480,295 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SAP by 64.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock valued at $137,160,000 after purchasing an additional 414,407 shares in the last quarter. FMR LLC grew its position in shares of SAP by 2.1% in the 3rd quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock valued at $758,364,000 after buying an additional 122,135 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of SAP in the 4th quarter valued at $17,255,000.

SAP Price Performance

Shares of SAP stock opened at $183.47 on Friday. 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 current ratio of 1.25 and a quick ratio of 1.25. The company’s fifty day moving average is $188.25 and its two-hundred day moving average is $167.22.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be given 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 of this dividend is Thursday, May 16th. SAP’s dividend payout ratio (DPR) is presently 34.92%.

Analyst Ratings Changes

A number of research analysts recently commented on SAP shares. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. KeyCorp started coverage on shares of SAP in a research report on Thursday, March 21st. They issued an “overweight” rating on the stock. BMO Capital Markets increased their target price on shares of SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group increased 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.