Massachusetts Financial Services Co. MA Has $56.71 Million Stake in SAP SE $SAP

Massachusetts Financial Services Co. MA boosted its position in SAP SE (NYSE:SAP) by 22.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,223 shares of the software maker’s stock after buying an additional 39,172 shares during the period. Massachusetts Financial Services Co. MA’s holdings in SAP were worth $56,708,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after purchasing an additional 1,255 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of SAP in the 1st quarter valued at about $242,000. AQR Capital Management LLC increased its position in SAP by 49.0% in the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after buying an additional 5,363 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in SAP during the 1st quarter worth approximately $2,681,000. Finally, Sivia Capital Partners LLC boosted its holdings in SAP by 2.3% in the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after acquiring an additional 69 shares in the last quarter.

SAP Stock Down 0.9%

SAP stock opened at $224.95 on Thursday. The firm has a 50 day moving average price of $241.70 and a 200-day moving average price of $263.91. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. SAP SE has a twelve month low of $221.71 and a twelve month high of $313.28. The company has a market capitalization of $278.77 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.76 and a beta of 1.18.

SAP (NYSE:SAP) last issued its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. The firm had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 EPS. As a group, equities analysts predict that SAP SE will post 6.55 EPS for the current year.

Analyst Ratings Changes

SAP has been the subject of a number of recent research reports. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Barclays boosted their target price on shares of SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. KeyCorp reaffirmed an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, SAP presently has an average rating of “Buy” and a consensus target price of $280.20.

About SAP

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.