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

Cidel Asset Management Inc. lifted its holdings in shares of SAP SE (NYSE:SAP) by 12.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 143,756 shares of the software maker’s stock after acquiring an additional 15,854 shares during the period. SAP comprises about 1.3% of Cidel Asset Management Inc.’s holdings, 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 filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SAP. Sound Income Strategies LLC grew its position in SAP by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after acquiring an additional 58 shares during the last quarter. Bayban acquired a new position in SAP during the fourth quarter worth about $28,000. Community Bank N.A. bought a new position in shares of SAP in the third quarter worth about $32,000. GoalVest Advisory LLC bought a new position in shares of SAP in the fourth quarter worth about $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of SAP by 758.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after purchasing an additional 129 shares in the last quarter.

SAP Price Performance

Shares of SAP opened at $153.56 on Wednesday. The business has a 50-day moving average of $172.41 and a 200-day moving average of $198.19. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $188.65 billion, a price-to-earnings 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.

SAP (NYSE:SAP) last announced its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The business 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%. As a group, equities research analysts anticipate that SAP SE will post 8.36 earnings per share for the current year.

SAP Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SAP. Weiss Ratings lowered shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $265.00 price objective on shares of SAP in a research note on Wednesday, June 10th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. BMO Capital Markets decreased their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Finally, Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. One 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 company’s stock. According to MarketBeat.com, SAP 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.