Free Trial

Cidel Asset Management Inc. Lowers Holdings in SAP SE (NYSE:SAP)

SAP logo with Computer and Technology background

Cidel Asset Management Inc. reduced its position in SAP SE (NYSE:SAP - Free Report) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,633 shares of the software maker's stock after selling 1,610 shares during the quarter. SAP accounts for approximately 1.9% of Cidel Asset Management Inc.'s investment portfolio, making the stock its 15th largest holding. Cidel Asset Management Inc.'s holdings in SAP were worth $28,356,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SAP. Bartlett & CO. Wealth Management LLC boosted its position in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Rakuten Securities Inc. boosted its position in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares in the last quarter. Founders Capital Management grew its stake in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. Finally, Highline Wealth Partners LLC raised its holdings in SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after purchasing an additional 77 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SAP shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Argus reaffirmed a "buy" rating and issued a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. Barclays reiterated an "overweight" rating and set a $308.00 price objective (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Piper Sandler initiated coverage on SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. Finally, UBS Group upgraded SAP to a "strong-buy" rating in a research note on Friday, May 30th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $271.83.

Read Our Latest Analysis on SAP

SAP Stock Performance

SAP stock traded down $2.64 during trading hours on Wednesday, hitting $298.04. 1,451,975 shares of the stock traded hands, compared to its average volume of 1,079,323. The firm's 50 day moving average price is $296.01 and its 200-day moving average price is $276.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $366.14 billion, a price-to-earnings ratio of 57.10, a P/E/G ratio of 4.27 and a beta of 1.30. SAP SE has a 1 year low of $194.93 and a 1 year high of $311.40.

SAP (NYSE:SAP - Get Free Report) last issued its 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 return on equity of 13.66% and a net margin of 16.33%. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. As a group, equities analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a dividend of $2.5423 per share. This represents a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 13th. This is a boost from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is 35.25%.

About SAP

(Free Report)

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.

See Also

Institutional Ownership by Quarter for SAP (NYSE:SAP)

Should You Invest $1,000 in SAP Right Now?

Before you consider SAP, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SAP wasn't on the list.

While SAP currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth
5 Stocks to BUY NOW in July 2025
3 Defense Stocks Under $10 With Massive Upside

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines