Coldstream Capital Management Inc. Raises Stock Holdings in SAP SE (NYSE:SAP)

Coldstream Capital Management Inc. grew its holdings in SAP SE (NYSE:SAP - Free Report) by 49.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,463 shares of the software maker's stock after buying an additional 1,817 shares during the quarter. Coldstream Capital Management Inc.'s holdings in SAP were worth $1,345,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC lifted its position in shares of SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock valued at $1,260,137,000 after acquiring an additional 403,956 shares during the period. TD Asset Management Inc. increased its holdings in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after purchasing an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in SAP by 30.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,172,103 shares of the software maker's stock worth $288,583,000 after purchasing an additional 273,417 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new position in SAP in the 4th quarter worth about $290,023,000.

SAP Trading Down 0.2 %

SAP stock traded down $0.45 during trading on Wednesday, reaching $292.10. The company had a trading volume of 1,856,344 shares, compared to its average volume of 1,008,359. The company has a market cap of $358.85 billion, a P/E ratio of 101.78, a PEG ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a 52 week low of $179.15 and a 52 week high of $294.77. The business has a 50 day moving average of $267.85 and a 200 day moving average of $257.66.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. As a group, sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This is an increase from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's dividend payout ratio is 35.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SAP shares. Argus reissued a "buy" rating and issued a $320.00 price target on shares of SAP in a research note on Tuesday. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and upped their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets upped their price objective on shares of SAP from $300.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has an average rating of "Buy" and a consensus target price of $264.00.

SAP Company Profile

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.