BMO Capital Markets Boosts SAP (NYSE:SAP) Price Target to $218.00

SAP (NYSE:SAP) had its price target increased by BMO Capital Markets from $215.00 to $218.00 in a research report released on Friday, MarketBeat.com reports. They currently have a market perform rating on the software maker’s stock.

Other equities analysts have also recently issued reports about the stock. KeyCorp started coverage on shares of SAP in a research note on Thursday, March 21st. They set an overweight rating for the company. The Goldman Sachs Group boosted their target price on SAP from $185.00 to $207.00 and gave the stock a buy rating in a research report on Friday, January 26th. Jefferies Financial Group raised SAP from a hold rating to a buy rating in a research note on Friday, February 2nd. 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 note on Tuesday, April 23rd. Finally, StockNews.com downgraded SAP from a strong-buy rating to a buy rating in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, SAP presently has an average rating of Moderate Buy and a consensus target price of $206.20.

SAP Stock Down 1.3 %

NYSE:SAP opened at $183.80 on Friday. The business’s 50-day simple moving average is $188.09 and its two-hundred day simple moving average is $166.66. SAP has a 52 week low of $126.75 and a 52 week 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.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be paid a dividend of $2.3852 per share. This is an increase from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. The ex-dividend date is Thursday, May 16th. SAP’s payout ratio is presently 34.92%.

Hedge Funds Weigh In On SAP

Institutional investors have recently bought and sold shares of the business. Stifel Financial Corp boosted its position in SAP by 10.9% in the 3rd quarter. Stifel Financial Corp now owns 193,376 shares of the software maker’s stock worth $25,007,000 after purchasing an additional 19,080 shares in the last quarter. Blue Trust Inc. boosted its holdings in SAP by 5.8% during the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock worth $210,000 after buying an additional 75 shares in the last quarter. Clear Street Markets LLC grew its position in SAP by 2.8% during the third quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock valued at $800,000 after buying an additional 166 shares during the period. Graham Capital Management L.P. purchased a new position in SAP in the third quarter valued at $430,000. Finally, Private Trust Co. NA raised its position in shares of SAP by 68.5% in the fourth quarter. Private Trust Co. NA now owns 1,547 shares of the software maker’s stock worth $239,000 after acquiring an additional 629 shares during the period.

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.