Boston Common Asset Management LLC Boosts Stake in SAP SE $SAP

Boston Common Asset Management LLC raised its holdings in shares of SAP SE (NYSE:SAP) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,041 shares of the software maker’s stock after buying an additional 5,960 shares during the period. Boston Common Asset Management LLC’s holdings in SAP were worth $8,739,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Sound Income Strategies LLC lifted its stake in shares of SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after acquiring an additional 58 shares during the last quarter. Bayban bought a new position in SAP in the 4th quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC grew its position in SAP by 758.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after acquiring an additional 129 shares during the last quarter. American National Bank & Trust increased its stake in SAP by 641.7% in the fourth quarter. American National Bank & Trust now owns 178 shares of the software maker’s stock worth $43,000 after purchasing an additional 154 shares during the period. Finally, Riggs Asset Managment Co. Inc. increased its stake in SAP by 83.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock worth $45,000 after purchasing an additional 67 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SAP shares. The Goldman Sachs Group reissued a “buy” rating and set a $265.00 target price on shares of SAP in a research note on Wednesday, June 10th. TD Cowen reduced their price target on shares of SAP from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. BMO Capital Markets lowered their price objective on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Finally, Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $271.17.

SAP Stock Up 0.0%

SAP stock opened at $159.09 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The firm has a market cap of $195.44 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.82 and a beta of 1.14. The business has a fifty day moving average of $166.86 and a two-hundred day moving average of $187.14. SAP SE has a twelve month low of $148.06 and a twelve month high of $309.73.

SAP (NYSE:SAP) last announced its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The business had revenue of $11.06 billion for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. On average, analysts forecast that SAP SE will post 8.3 earnings per share for the current fiscal year.

SAP Profile

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.