808 Shares in SAP SE (NYSE:SAP) Bought by Beacon Financial Group

Beacon Financial Group acquired a new position in SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 808 shares of the software maker's stock, valued at approximately $217,000.

Several other large investors also recently modified their holdings of SAP. Principal Street Partners LLC grew its holdings in SAP by 1.0% during the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after purchasing an additional 35 shares during the period. Oppenheimer & Co. Inc. grew its holdings in SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock valued at $235,000 after purchasing an additional 38 shares during the period. Alaethes Wealth LLC lifted its position in shares of SAP by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock valued at $2,730,000 after acquiring an additional 39 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock valued at $538,000 after acquiring an additional 43 shares in the last quarter. Finally, Addison Advisors LLC lifted its position in shares of SAP by 3.0% in the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock valued at $390,000 after acquiring an additional 46 shares in the last quarter.

SAP Price Performance

Shares of SAP stock opened at $309.84 on Friday. The stock has a 50 day moving average of $281.91 and a 200 day moving average of $269.98. SAP SE has a 12 month low of $186.40 and a 12 month high of $311.40. The firm has a market cap of $380.64 billion, a PE ratio of 107.96, a PEG ratio of 4.71 and a beta of 1.32. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. On average, research analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a dividend of $2.5423 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This is an increase from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's dividend payout ratio is 35.25%.

Analyst Ratings Changes

Several equities analysts have recently commented on SAP shares. Barclays restated an "overweight" rating and issued a $308.00 price objective (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Wells Fargo & Company started coverage on SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Argus restated a "buy" rating and issued a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. BMO Capital Markets boosted their price objective on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Finally, JMP Securities restated a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a research report on Friday, May 23rd. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $271.83.

About SAP

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.

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