Everpar Advisors LLC Takes $340,000 Position in SAP SE (NYSE:SAP)

Everpar Advisors LLC bought a new stake in shares of SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,197 shares of the software maker’s stock, valued at approximately $340,000.

Other hedge funds also recently bought and sold shares of the company. Column Capital Advisors LLC grew 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 acquiring an additional 121 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of SAP in the 4th quarter worth $31,000. Larson Financial Group LLC purchased a new stake in shares of SAP in the 4th quarter worth $33,000. HHM Wealth Advisors LLC lifted its holdings 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 worth $50,000 after buying an additional 180 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings 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 worth $52,000 after buying an additional 155 shares during the period.

SAP Stock Up 1.5 %

SAP stock traded up $2.74 during midday trading on Wednesday, reaching $190.28. The company’s stock had a trading volume of 907,600 shares, compared to its average volume of 764,128. The stock’s 50-day simple moving average is $188.16 and its 200-day simple moving average is $168.89. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. SAP SE has a 52-week low of $126.75 and a 52-week high of $199.29.

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 paid 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 dividend payout ratio (DPR) is 34.92%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. The Goldman Sachs Group upped their target price on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Barclays decreased their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. 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 SAP in a research note 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 issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.