New York State Common Retirement Fund Has $4.33 Million Holdings in SAP SE (NYSE:SAP)

New York State Common Retirement Fund cut its stake in SAP SE (NYSE:SAP) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,030 shares of the software maker’s stock after selling 3,824 shares during the period. New York State Common Retirement Fund’s holdings in SAP were worth $4,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SAP. Column Capital Advisors LLC boosted its stake in SAP by 121.0% in the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock worth $29,000 after purchasing an additional 121 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in SAP during the 4th quarter worth about $31,000. Ramirez Asset Management Inc. bought a new stake in SAP during the 3rd quarter worth about $58,000. Cary Street Partners Investment Advisory LLC lifted its position in SAP by 58.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 545 shares of the software maker’s stock worth $70,000 after buying an additional 202 shares in the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in SAP during the 4th quarter worth about $79,000.

SAP Trading Up 1.6 %

Shares of NYSE:SAP opened at $183.45 on Monday. The company’s 50 day moving average price is $188.24 and its two-hundred day moving average price is $168.13. 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.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be given a dividend of $2.3852 per share. This is a positive change from SAP’s previous annual dividend of $2.19. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio (DPR) is currently 34.92%.

Analysts Set New Price Targets

Several equities research analysts have commented on SAP shares. StockNews.com cut shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. 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 report on Friday, January 26th. Barclays dropped their target price 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. JMP Securities upped their target price on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.20.

About SAP

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.