Beacon Financial Group Acquires Shares of 808 SAP SE (NYSE:SAP)

Beacon Financial Group acquired a new stake in shares of SAP SE (NYSE:SAP) during the first quarter, HoldingsChannel.com reports. The firm acquired 808 shares of the software maker’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAP. GAMMA Investing LLC lifted its position in shares of SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker’s stock worth $350,644,000 after purchasing an additional 1,302,061 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of SAP during the fourth quarter worth $290,023,000. TD Asset Management Inc. lifted its position in shares of SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after purchasing an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after purchasing an additional 798,037 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of SAP by 91.2% during the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock worth $362,371,000 after purchasing an additional 701,880 shares during the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $309.84 on Friday. The stock’s fifty day moving average price is $281.91 and its 200-day moving average price is $269.98. SAP SE has a 12 month low of $186.40 and a 12 month high of $311.40. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a market cap of $380.64 billion, a P/E ratio of 107.96, a P/E/G ratio of 4.71 and a beta of 1.32.

SAP (NYSE:SAP) last posted 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 12.18% and a net margin of 9.17%. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. On average, equities research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were paid a $2.5423 dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend 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 Analysts Forecast Growth

Several analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research report on Friday, May 2nd. JMP Securities restated a “market outperform” rating and set a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. Barclays restated an “overweight” rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Argus restated a “buy” rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. Finally, BMO Capital Markets raised their price target on SAP from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, May 23rd. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target 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.