Cidel Asset Management Inc. Buys 15,854 Shares of SAP SE $SAP

Cidel Asset Management Inc. raised its stake in SAP SE (NYSE:SAP) by 12.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,756 shares of the software maker’s stock after purchasing an additional 15,854 shares during the period. SAP accounts for approximately 1.3% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 24th biggest position. Cidel Asset Management Inc.’s holdings in SAP were worth $24,612,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SAP. Riverbridge Partners LLC lifted its stake in shares of SAP by 3.3% during the 1st quarter. Riverbridge Partners LLC now owns 138,939 shares of the software maker’s stock worth $23,788,000 after buying an additional 4,448 shares during the last quarter. Coerente Capital Management grew its stake in SAP by 18.6% in the 1st quarter. Coerente Capital Management now owns 137,685 shares of the software maker’s stock valued at $23,573,000 after buying an additional 21,630 shares during the last quarter. Krilogy Financial LLC grew its stake in SAP by 68.2% in the 1st quarter. Krilogy Financial LLC now owns 4,038 shares of the software maker’s stock valued at $716,000 after buying an additional 1,638 shares during the last quarter. Anchyra Partners LLC raised its holdings in SAP by 6.9% in the 1st quarter. Anchyra Partners LLC now owns 2,287 shares of the software maker’s stock valued at $392,000 after acquiring an additional 147 shares during the period. Finally, Birch Financial Group LLC raised its holdings in SAP by 8.8% in the 1st quarter. Birch Financial Group LLC now owns 2,593 shares of the software maker’s stock valued at $444,000 after acquiring an additional 210 shares during the period.

SAP Trading Up 2.7%

Shares of SAP stock opened at $153.56 on Wednesday. The stock has a market cap of $188.65 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.68 and a beta of 1.12. SAP SE has a 1 year low of $149.19 and a 1 year high of $313.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $172.41 and a 200 day simple moving average of $198.19.

SAP (NYSE:SAP) last issued its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The company had revenue of $11.06 billion for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. On average, research analysts predict that SAP SE will post 8.36 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were paid a $2.9291 dividend. This represents a yield of 170.0%. This is a positive change from SAP’s previous annual dividend of $2.54. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s payout ratio is 28.78%.

Analysts Set New Price Targets

SAP has been the subject of a number of research analyst reports. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings lowered SAP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. Finally, Barclays upped their price objective on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $283.40.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.