Boston Common Asset Management LLC Sells 6,091 Shares of SAP SE (NYSE:SAP)

Boston Common Asset Management LLC decreased its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,068 shares of the software maker's stock after selling 6,091 shares during the period. Boston Common Asset Management LLC's holdings in SAP were worth $13,805,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SAP. Godsey & Gibb Inc. bought a new position in SAP during the 3rd quarter valued at approximately $25,000. Brooklyn Investment Group bought a new position in shares of SAP during the third quarter valued at $42,000. Prospera Private Wealth LLC purchased a new position in shares of SAP in the 3rd quarter worth about $47,000. Versant Capital Management Inc bought a new position in SAP in the 4th quarter worth about $54,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in SAP during the 3rd quarter valued at about $59,000.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and lifted their target price for the stock from $240.00 to $305.00 in a report on Friday. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday. BMO Capital Markets increased their target price on SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 22nd. Finally, Barclays increased their price objective on SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP has an average rating of "Buy" and an average target price of $263.17.

SAP Stock Performance

SAP stock traded up $1.16 during mid-day trading on Friday, reaching $262.74. 799,030 shares of the stock traded hands, compared to its average volume of 846,095. The stock has a market capitalization of $322.77 billion, a PE ratio of 105.09, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The business's 50-day moving average is $245.68 and its 200-day moving average is $227.91. SAP SE has a 12-month low of $158.94 and a 12-month high of $264.71.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to analysts' expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 EPS. As a group, sell-side analysts predict that SAP SE will post 4.66 EPS for the current fiscal year.

SAP Company Profile

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.