M&T Bank Corp Grows Holdings in SAP SE $SAP

M&T Bank Corp increased its position in shares of SAP SE (NYSE:SAP) by 1,582.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 817,295 shares of the software maker’s stock after purchasing an additional 768,725 shares during the quarter. M&T Bank Corp’s holdings in SAP were worth $198,529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First PREMIER Bank bought a new position in SAP in the 3rd quarter worth approximately $25,000. Sound Income Strategies LLC lifted its stake in SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in SAP in the 3rd quarter worth approximately $27,000. Copia Wealth Management purchased a new stake in SAP in the 3rd quarter worth approximately $28,000. Finally, Guerra Advisors Inc purchased a new stake in SAP in the 3rd quarter worth approximately $31,000.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SAP. Citigroup cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. TD Cowen reissued a “buy” rating on shares of SAP in a report on Thursday, April 16th. Santander raised shares of SAP to a “neutral” rating in a report on Tuesday, February 3rd. HSBC raised shares of SAP to a “hold” rating in a report on Tuesday, January 20th. Finally, Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $290.25.

SAP Price Performance

Shares of SAP stock opened at $176.52 on Wednesday. The firm has a market cap of $216.86 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. SAP SE has a 12-month low of $160.66 and a 12-month high of $313.28. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $185.47 and its two-hundred day simple moving average is $224.15.

SAP (NYSE:SAP) last announced its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. The business had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 EPS. As a group, equities analysts expect that SAP SE will post 8.38 EPS for the current year.

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be paid a dividend of $2.9291 per share. This represents a dividend yield of 175.0%. The ex-dividend date of this dividend is Tuesday, May 5th. This is a positive change from SAP’s previous annual dividend of $2.54. SAP’s payout ratio is presently 26.10%.

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.