Eastern Bank decreased its position in shares of SAP SE (NYSE:SAP – Free Report) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 528 shares of the software maker’s stock after selling 65 shares during the period. Eastern Bank’s holdings in SAP were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Holocene Advisors LP bought a new stake in SAP during the third quarter worth $10,869,000. JPMorgan Chase & Co. lifted its position in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after buying an additional 7,667 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in SAP by 1,496.4% in the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after buying an additional 8,380 shares in the last quarter. Creative Planning grew its position in SAP by 18.0% in the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after acquiring an additional 14,546 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in SAP by 644.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after acquiring an additional 142,270 shares in the last quarter.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on SAP. TD Cowen lifted their price target on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. JMP Securities raised their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their target price on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.
SAP Stock Performance
Shares of SAP stock opened at $253.20 on Wednesday. The stock has a market capitalization of $311.06 billion, a PE ratio of 101.28, a PEG ratio of 4.94 and a beta of 1.22. The business’s 50 day simple moving average is $244.13 and its 200 day simple moving average is $226.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a one year low of $155.82 and a one year high of $256.13.
SAP (NYSE:SAP – Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. As a group, research analysts forecast that SAP SE will post 4.8 earnings per share for the current year.
SAP 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.
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