Riverbridge Partners LLC Takes Position in SAP SE (NYSE:SAP)

Riverbridge Partners LLC acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 905 shares of the software maker's stock, valued at approximately $243,000.

Other institutional investors have also recently made changes to their positions in the company. Centricity Wealth Management LLC purchased a new stake in shares of SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. raised its holdings in shares of SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after acquiring an additional 108 shares in the last quarter. Founders Capital Management raised its holdings in shares of SAP by 133.9% during the first 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 raised its holdings in shares of SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after acquiring an additional 77 shares in the last quarter.

SAP Price Performance

SAP opened at $287.60 on Friday. The stock has a fifty day simple moving average of $290.31 and a two-hundred day simple moving average of $274.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The company has a market cap of $353.31 billion, a price-to-earnings ratio of 55.10, a price-to-earnings-growth ratio of 4.16 and a beta of 1.32. SAP SE has a 12-month low of $191.59 and a 12-month high of $311.40.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data 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. 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 the consensus estimate of $9.08 billion. Research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SAP shares. UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday, May 30th. Piper Sandler started coverage on SAP in a report on Tuesday. They set an "overweight" rating for the company. Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a report on Saturday. JMP Securities restated a "market outperform" rating and set a $330.00 target price on shares of SAP in a report on Friday, May 23rd. Finally, Argus restated a "buy" rating and set a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently 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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