Coerente Capital Management Has $23.57 Million Stock Holdings in SAP SE $SAP

Coerente Capital Management boosted its position in SAP SE (NYSE:SAP) by 18.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,685 shares of the software maker’s stock after buying an additional 21,630 shares during the quarter. SAP makes up about 4.4% of Coerente Capital Management’s holdings, making the stock its 8th biggest position. Coerente Capital Management’s holdings in SAP were worth $23,573,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Dara Capital US Inc. bought a new position in SAP in the 4th quarter worth approximately $3,342,000. CIBC Bancorp USA Inc. bought a new stake in shares of SAP in the third quarter valued at approximately $32,760,000. Dash Acquisitions Inc. boosted its position in shares of SAP by 8.7% in the fourth quarter. Dash Acquisitions Inc. now owns 78,880 shares of the software maker’s stock valued at $19,161,000 after acquiring an additional 6,315 shares during the period. Natixis Advisors LLC grew its stake in shares of SAP by 2.3% in the third quarter. Natixis Advisors LLC now owns 415,087 shares of the software maker’s stock worth $110,915,000 after acquiring an additional 9,195 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of SAP by 2.8% in the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock worth $3,887,727,000 after acquiring an additional 392,010 shares during the last quarter.

SAP Stock Up 2.7%

SAP opened at $153.56 on Wednesday. The company has a market capitalization of $188.65 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.68 and a beta of 1.12. 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 firm’s fifty day moving average price is $172.41 and its two-hundred day moving average price is $198.19. SAP SE has a fifty-two week low of $149.19 and a fifty-two week high of $313.28.

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

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a $2.9291 dividend. This represents a yield of 170.0%. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s dividend payout ratio (DPR) is currently 28.78%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Barclays raised their price target on shares of SAP from $256.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, BMO Capital Markets reduced their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, April 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $283.40.

About SAP

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.