Boston Common Asset Management LLC Sells 6,091 Shares of SAP SE (NYSE:SAP)

Boston Common Asset Management LLC lessened its stake in shares of SAP SE (NYSE:SAP) by 9.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 56,068 shares of the software maker’s stock after selling 6,091 shares during the period. Boston Common Asset Management LLC’s holdings in SAP were worth $13,805,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. Principal Financial Group Inc. grew its stake in SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after buying an additional 4,775 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in SAP by 1.4% in 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. Stifel Financial Corp raised its position in shares of SAP by 12.5% in the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after buying an additional 23,352 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of SAP by 8.6% in the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock valued at $39,934,000 after buying an additional 15,604 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SAP shares. Barclays lifted their price objective on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets lifted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday. JMP Securities raised their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $305.00 in a research note on Friday. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $263.17.

SAP Trading Up 0.8 %

Shares of SAP stock traded up $2.00 during mid-day trading on Friday, reaching $263.58. 81,604 shares of the stock traded hands, compared to its average volume of 891,145. The stock’s fifty day simple moving average is $244.74 and its two-hundred day simple moving average is $227.23. SAP SE has a 1-year low of $158.94 and a 1-year high of $263.74. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market cap of $323.81 billion, a price-to-earnings ratio of 105.43, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. On average, research analysts anticipate that SAP SE will post 4.66 EPS for the current fiscal year.

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.