Cottonwood Capital Advisors LLC Takes Position in SAP SE (NYSE:SAP)

Cottonwood Capital Advisors LLC purchased a new stake in SAP SE (NYSE:SAP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 754 shares of the software maker’s stock, valued at approximately $202,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Union Bancaire Privee UBP SA acquired a new stake in SAP during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. raised its holdings in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after buying an additional 108 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after acquiring an additional 66 shares during the last quarter. Founders Capital Management lifted its stake in SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker’s stock valued at $35,000 after acquiring an additional 75 shares in the last quarter. Finally, Highline Wealth Partners LLC boosted its holdings in SAP by 126.2% during 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 during the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Piper Sandler initiated coverage on SAP in a research report on Tuesday, June 17th. They set an “overweight” rating for the company. Barclays reiterated an “overweight” rating and set a $308.00 target price (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. BMO Capital Markets increased their target price on shares of SAP from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, May 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $330.00 price target on shares of SAP in a report on Friday, May 23rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $271.83.

SAP Price Performance

SAP opened at $293.27 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. SAP SE has a 1 year low of $194.93 and a 1 year high of $311.40. The firm has a market cap of $360.28 billion, a price-to-earnings ratio of 56.18, a PEG ratio of 4.24 and a beta of 1.32. The stock’s 50 day simple moving average is $292.29 and its 200 day simple moving average is $274.91.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. As a group, analysts predict that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were given a $2.5423 dividend. This is a positive change from SAP’s previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 13th. SAP’s dividend payout ratio (DPR) is currently 35.25%.

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.