Massachusetts Financial Services Co. MA Sells 1,564 Shares of SAP SE (NYSE:SAP)

Massachusetts Financial Services Co. MA decreased its position in SAP SE (NYSE:SAP) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,649 shares of the software maker’s stock after selling 1,564 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in SAP were worth $29,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SAP. Modera Wealth Management LLC increased its stake in shares of SAP by 1.4% during the second quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock valued at $754,000 after buying an additional 50 shares during the period. Great Valley Advisor Group Inc. increased its stake in shares of SAP by 3.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after buying an additional 51 shares during the period. PDS Planning Inc increased its stake in shares of SAP by 1.3% during the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after buying an additional 51 shares during the period. RFP Financial Group LLC grew its stake in SAP by 17.5% in the second quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after purchasing an additional 52 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after purchasing an additional 52 shares during the period.

SAP Trading Down 1.1 %

Shares of NYSE:SAP opened at $233.74 on Tuesday. The company has a market cap of $287.15 billion, a P/E ratio of 93.50, a PEG ratio of 4.53 and a beta of 1.25. 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 1 year low of $148.38 and a 1 year high of $243.01. The stock’s fifty day moving average price is $230.85 and its 200-day moving average price is $212.68.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The company’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 earnings per share. Sell-side analysts expect that SAP SE will post 4.89 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SAP shares. TD Cowen upped their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Barclays upped their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JMP Securities upped 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, Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $252.33.

About SAP

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.