Coerente Capital Management Buys 21,630 Shares of SAP SE $SAP

Coerente Capital Management raised its position in shares of SAP SE (NYSE:SAP) by 18.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 137,685 shares of the software maker’s stock after buying an additional 21,630 shares during the quarter. SAP accounts for 4.4% of Coerente Capital Management’s portfolio, making the stock its 8th largest position. Coerente Capital Management’s holdings in SAP were worth $23,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of SAP by 91.1% in the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after acquiring an additional 1,255 shares in the last quarter. Baird Financial Group Inc. purchased a new position in SAP during the 1st quarter worth approximately $242,000. AQR Capital Management LLC grew its position in SAP by 49.0% during the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after purchasing an additional 5,363 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in SAP during the 1st quarter valued at $2,681,000. Finally, Sivia Capital Partners LLC raised its stake in SAP by 2.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after purchasing an additional 69 shares during the period.

SAP Trading Up 2.7%

Shares of NYSE SAP opened at $153.56 on Wednesday. The stock has a market cap of $188.65 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.68 and a beta of 1.12. The business has a 50 day simple moving average of $172.41 and a 200 day simple moving average of $198.19. SAP SE has a 52 week low of $149.19 and a 52 week high of $313.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07.

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

SAP Increases Dividend

The firm 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 dividend yield of 170.0%. The ex-dividend date of this dividend was Tuesday, May 5th. This is a boost from SAP’s previous annual dividend of $2.54. SAP’s dividend payout ratio (DPR) is presently 28.78%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SAP. BMO Capital Markets decreased their target price on SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. The Goldman Sachs Group reissued a “buy” rating and set a $265.00 price target on shares of SAP in a research report on Wednesday, June 10th. Piper Sandler downgraded SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Weiss Ratings downgraded SAP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.