Massachusetts Financial Services Co. MA lowered its stake in shares of SAP SE (NYSE:SAP) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,928 shares of the software maker’s stock after selling 569 shares during the period. Massachusetts Financial Services Co. MA’s holdings in SAP were worth $12,168,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in SAP by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 118,074 shares of the software maker’s stock worth $12,417,000 after purchasing an additional 2,293 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in SAP by 7,785.3% during the 1st quarter. Principal Financial Group Inc. now owns 354,838 shares of the software maker’s stock worth $37,315,000 after purchasing an additional 350,338 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in SAP by 1,494.4% during the 1st quarter. Allianz Asset Management GmbH now owns 35,874 shares of the software maker’s stock worth $3,773,000 after purchasing an additional 33,624 shares in the last quarter. Investment House LLC lifted its holdings in SAP by 2.0% during the 2nd quarter. Investment House LLC now owns 56,108 shares of the software maker’s stock worth $6,489,000 after purchasing an additional 1,091 shares in the last quarter. Finally, Vigilant Capital Management LLC purchased a new stake in shares of SAP in the 2nd quarter valued at about $149,000. 4.52% of the stock is currently owned by institutional investors.
NYSE:SAP opened at $106.90 on Wednesday. SAP SE has a twelve month low of $99.20 and a twelve month high of $127.16. The stock has a market capitalization of $132.22 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 3.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.13 and a current ratio of 1.13.
SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, October 18th. The software maker reported $1.14 EPS for the quarter, beating the consensus estimate of $1.12 by $0.02. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.99 billion. SAP had a return on equity of 17.64% and a net margin of 17.57%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. As a group, research analysts expect that SAP SE will post 4.29 earnings per share for the current fiscal year.
Several analysts have weighed in on SAP shares. Royal Bank of Canada reaffirmed a “$121.96” rating on shares of SAP in a report on Wednesday, July 18th. ValuEngine raised SAP from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. DZ Bank reaffirmed a “buy” rating on shares of SAP in a report on Friday, July 20th. Deutsche Bank reaffirmed a “buy” rating on shares of SAP in a report on Friday, July 20th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of SAP in a report on Monday, September 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. SAP has an average rating of “Buy” and a consensus target price of $112.89.
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SAP Company Profile
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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