Boston Common Asset Management LLC cut its position in shares of SAP SE (NYSE:SAP - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,068 shares of the software maker's stock after selling 6,091 shares during the quarter. Boston Common Asset Management LLC's holdings in SAP were worth $13,805,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of SAP. Godsey & Gibb Inc. acquired a new stake in shares of SAP in the third quarter valued at approximately $25,000. Brooklyn Investment Group bought a new position in SAP in the third quarter valued at $42,000. Prospera Private Wealth LLC acquired a new stake in SAP in the 3rd quarter valued at $47,000. Versant Capital Management Inc bought a new stake in SAP during the 4th quarter worth about $54,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of SAP in the 3rd quarter valued at about $59,000.
SAP stock traded up $2.00 during mid-day trading on Friday, hitting $263.58. 81,604 shares of the company were exchanged, compared to its average volume of 891,145. SAP SE has a 1-year low of $158.94 and a 1-year high of $263.74. The stock has a market capitalization of $323.81 billion, a PE ratio of 105.43, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. The business has a 50 day simple moving average of $244.74 and a 200-day simple moving average of $227.23. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.
SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 earnings per share. On average, equities analysts forecast that SAP SE will post 4.66 earnings per share for the current year.
SAP has been the topic of several analyst reports. Barclays upped their target price on SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. BMO Capital Markets upped their price objective on SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. JMP Securities raised their target price on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 22nd. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $240.00 to $305.00 in a research note on Friday. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $263.17.
View Our Latest Stock Analysis on 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.
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