Boston Common Asset Management LLC Decreases Stock Holdings in SAP SE $SAP

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. First PREMIER Bank purchased a new position in shares of SAP in the 3rd quarter worth about $25,000. Retirement Wealth Solutions LLC grew its position in SAP by 246.4% during the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after buying an additional 69 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in SAP during the third quarter worth about $27,000. Copia Wealth Management bought a new stake in SAP in the third quarter worth about $28,000. Finally, Guerra Advisors Inc bought a new stake in SAP in the third quarter worth about $31,000.

SAP Stock Performance

NYSE SAP opened at $168.28 on Tuesday. The firm has a market cap of $206.73 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 1.82 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $199.47 and its 200-day moving average is $234.60. SAP SE has a 12-month low of $163.77 and a 12-month high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.77 billion. During the same period last year, the firm earned $1.40 EPS. SAP’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Citigroup downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a report on Wednesday, March 18th. Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. Arete Research raised SAP to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Santander raised SAP to a “neutral” rating in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

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.