Bessemer Group Inc. Raises Position in SAP SE (NYSE:SAP)

Bessemer Group Inc. raised its position in shares of SAP SE (NYSE:SAP - Free Report) by 3,555.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,963 shares of the software maker's stock after buying an additional 13,581 shares during the quarter. Bessemer Group Inc.'s holdings in SAP were worth $3,438,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Atomi Financial Group Inc. raised its position in shares of SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock valued at $3,074,000 after buying an additional 3,495 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock worth $4,030,000 after purchasing an additional 11,057 shares during the period. JPMorgan Chase & Co. raised its holdings in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock valued at $125,654,000 after buying an additional 7,667 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in SAP by 152.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock worth $101,969,000 after buying an additional 249,824 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in SAP by 98.9% during the fourth quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock worth $633,000 after buying an additional 1,279 shares during the period.

SAP Stock Down 1.3 %

Shares of SAP traded down $3.46 during midday trading on Friday, reaching $257.02. 1,503,694 shares of the stock were exchanged, compared to its average volume of 981,820. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The company's 50 day moving average is $271.11 and its two-hundred day moving average is $254.90. The company has a market capitalization of $315.75 billion, a P/E ratio of 89.55, a PEG ratio of 4.71 and a beta of 1.28. 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 released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be issued a $2.5423 dividend. The ex-dividend date of this dividend is 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 payout ratio is currently 64.11%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAP. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. BMO Capital Markets decreased their price objective on shares of SAP from $307.00 to $300.00 and set an "outperform" rating for the company in a research note on Wednesday. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and increased their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, Barclays increased their target price on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $247.67.

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.