Coldstream Capital Management Inc. Buys 1,817 Shares of SAP SE (NYSE:SAP)

Coldstream Capital Management Inc. grew its position in shares of SAP SE (NYSE:SAP) by 49.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,463 shares of the software maker’s stock after purchasing 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 SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Centricity Wealth Management LLC acquired a new position in shares of SAP in the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. lifted its position in shares of SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT lifted its position in shares of SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SAP in the 4th quarter worth approximately $42,000.

SAP Stock Performance

SAP opened at $278.45 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average price is $267.83 and its two-hundred day moving average price is $257.01. SAP SE has a 1-year low of $179.15 and a 1-year high of $293.70. The company has a market cap of $342.08 billion, a price-to-earnings ratio of 97.02, a PEG ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $9.08 billion. On average, analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a $2.5423 dividend. This is a positive change from SAP’s previous annual dividend of $2.39. The ex-dividend date is Tuesday, May 13th. This represents a dividend yield of 0.8%. SAP’s dividend payout ratio is presently 35.25%.

Wall Street Analyst Weigh In

SAP has been the topic of a number of recent analyst reports. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays reiterated an “overweight” rating and set a $308.00 target price (up previously from $286.00) on shares of SAP in a research report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets boosted their target price on shares of SAP from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $254.67.

SAP 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.