SAP SE (SAP) Position Held by Benson Investment Management Company Inc.
Benson Investment Management Company Inc. maintained its stake in SAP SE (NYSE:SAP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,343 shares of the software maker’s stock at the end of the first quarter. Benson Investment Management Company Inc.’s holdings in SAP SE were worth $230,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in SAP. CIBC Asset Management Inc increased its stake in SAP SE by 33.4% in the third quarter. CIBC Asset Management Inc now owns 6,790 shares of the software maker’s stock worth $621,000 after buying an additional 1,700 shares in the last quarter. Acadian Asset Management LLC bought a new stake in SAP SE during the third quarter worth approximately $102,000. Ferguson Wellman Capital Management Inc. bought a new stake in SAP SE during the third quarter worth approximately $4,627,000. Benjamin F. Edwards & Company Inc. bought a new stake in SAP SE during the third quarter worth approximately $329,000. Finally, Quadrant Capital Group LLC increased its stake in SAP SE by 2.3% in the third quarter. Quadrant Capital Group LLC now owns 3,521 shares of the software maker’s stock worth $312,000 after buying an additional 79 shares in the last quarter. 3.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SAP SE (NYSE:SAP) traded up 0.25% during trading on Tuesday, reaching $97.02. 488,306 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $96.43 and its 200 day moving average price is $89.96. The firm has a market capitalization of $116.29 billion, a PE ratio of 29.98 and a beta of 1.26. SAP SE has a 52 week low of $71.39 and a 52 week high of $98.79.
The company also recently disclosed an annual dividend, which will be paid on Monday, May 22nd. Investors of record on Monday, May 15th will be issued a $1.3312 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a dividend yield of 1.37%. SAP SE’s dividend payout ratio (DPR) is presently 27.93%.
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SAP has been the topic of a number of research analyst reports. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a report on Thursday, December 29th. Royal Bank of Canada decreased their price objective on shares of SAP SE from $95.00 to $91.00 and set a “sector perform” rating on the stock in a report on Friday, January 6th. Wells Fargo & Co initiated coverage on shares of SAP SE in a report on Wednesday, January 11th. They set an “outperform” rating on the stock. JMP Securities boosted their price objective on shares of SAP SE from $93.00 to $95.00 and gave the stock a “mkt outperform” rating in a report on Wednesday, January 11th. Finally, Barclays PLC reissued a “buy” rating on shares of SAP SE in a report on Tuesday, January 10th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $89.20.
SAP SE Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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