Bessemer Group Inc. Acquires 1,165 Shares of SAP SE (NYSE:SAP)

Bessemer Group Inc. raised its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 8.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,128 shares of the software maker's stock after acquiring an additional 1,165 shares during the quarter. Bessemer Group Inc.'s holdings in SAP were worth $4,061,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Principal Street Partners LLC raised 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 acquiring an additional 35 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of SAP by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after purchasing an additional 38 shares during the last quarter. Alaethes Wealth LLC increased its holdings 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 worth $2,730,000 after purchasing an additional 39 shares during the last quarter. D Orazio & Associates Inc. increased its holdings in shares of SAP by 3.1% in the first quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock worth $367,000 after purchasing an additional 41 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings 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 worth $538,000 after purchasing an additional 43 shares during the last quarter.

SAP Stock Up 1.9%

Shares of NYSE:SAP opened at $301.29 on Friday. SAP SE has a 1 year low of $194.93 and a 1 year high of $311.40. The business has a 50 day simple moving average of $293.95 and a two-hundred day simple moving average of $275.55. The firm has a market capitalization of $370.13 billion, a PE ratio of 57.72, a price-to-earnings-growth ratio of 4.22 and a beta of 1.32. 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 (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. On average, equities analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The firm also recently announced 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. This represents a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. SAP's payout ratio is 35.25%.

Wall Street Analyst Weigh In

SAP has been the topic of several research reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a report on Friday, May 2nd. Wall Street Zen cut SAP from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. UBS Group raised SAP to a "strong-buy" rating in a report on Friday, May 30th. Piper Sandler started coverage on SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. Finally, Wells Fargo & Company started coverage on SAP in a research note on Tuesday, May 20th. They set an "overweight" rating on the stock. 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 company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $271.83.

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.

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