Cardinal Capital Management Grows Holdings in SAP SE (NYSE:SAP)

Cardinal Capital Management increased its stake in SAP SE (NYSE:SAP) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,419 shares of the software maker’s stock after buying an additional 1,379 shares during the period. Cardinal Capital Management’s holdings in SAP were worth $5,348,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of SAP in the 1st quarter valued at approximately $25,000. Sunbelt Securities Inc. bought a new stake in SAP during the first quarter valued at $29,000. Wetzel Investment Advisors Inc. bought a new stake in SAP during the fourth quarter valued at $31,000. Adirondack Trust Co. lifted its position in shares of SAP by 121.1% in the 4th quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after buying an additional 109 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in shares of SAP in the 4th quarter valued at about $33,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of SAP in a report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price on the stock. JMP Securities upped their price objective on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 23rd. Barclays dropped their target price on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. BMO Capital Markets upped their price target on shares of SAP from $215.00 to $218.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Finally, StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $216.40.

SAP Trading Up 1.1 %

Shares of SAP stock traded up $2.16 during trading on Thursday, hitting $200.75. The stock had a trading volume of 763,091 shares, compared to its average volume of 774,155. The business has a fifty day moving average of $188.85 and a two-hundred day moving average of $179.87. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $201.45. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.06). The company had revenue of $8.73 billion during the quarter, compared to the consensus estimate of $8.73 billion. SAP had a net margin of 15.76% and a return on equity of 9.79%. As a group, analysts anticipate that SAP SE will post 4.56 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 17th were given a $2.3852 dividend. This is a positive change from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend was Thursday, May 16th. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio (DPR) is 37.53%.

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.