Boston Common Asset Management LLC Sells 4,017 Shares of SAP SE $SAP

Boston Common Asset Management LLC cut its position in SAP SE (NYSE:SAP) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,081 shares of the software maker’s stock after selling 4,017 shares during the period. Boston Common Asset Management LLC’s holdings in SAP were worth $10,951,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in shares of SAP by 2.8% during the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock valued at $3,887,727,000 after acquiring an additional 392,010 shares in the last quarter. Bank of America Corp DE grew its position in SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares during the period. Windacre Partnership LLC grew its position in SAP by 130.9% in the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after purchasing an additional 1,336,325 shares during the period. Northern Trust Corp increased its stake in SAP by 3.2% during the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after purchasing an additional 49,111 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in SAP by 2.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,408 shares of the software maker’s stock valued at $296,828,000 after purchasing an additional 30,806 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SAP. Barclays set a $283.00 price objective on shares of SAP in a research note on Monday, February 2nd. Citizens Jmp lowered shares of SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. TD Cowen reiterated a “buy” rating on shares of SAP in a research note on Wednesday, March 18th. Finally, Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Stock Performance

NYSE SAP opened at $168.28 on Tuesday. The company has a fifty day moving average price of $199.47 and a 200-day moving average price of $234.60. The firm has a market cap of $206.73 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.82 and a beta of 1.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 1.16. SAP SE has a 1 year low of $163.77 and a 1 year high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.54%. The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period last year, the firm earned $1.40 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.