Massachusetts Financial Services Co. MA Buys 10,061 Shares of SAP SE (NYSE:SAP)

Massachusetts Financial Services Co. MA lifted its position in shares of SAP SE (NYSE:SAP) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,600 shares of the software maker’s stock after acquiring an additional 10,061 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in SAP were worth $42,306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC grew its stake in shares of SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after purchasing an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after purchasing an additional 66 shares in the last quarter. Founders Capital Management boosted its holdings in shares of SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker’s stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. Highline Wealth Partners LLC lifted its holdings in shares of SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock valued at $37,000 after acquiring an additional 77 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in SAP by 108.6% in the first quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker’s stock worth $53,000 after purchasing an additional 101 shares during the last quarter.

SAP Stock Performance

SAP stock opened at $308.38 on Friday. The company has a market capitalization of $378.85 billion, a P/E ratio of 59.08, a P/E/G ratio of 4.33 and a beta of 1.30. SAP SE has a 1 year low of $194.93 and a 1 year high of $313.28. The business has a 50 day moving average of $299.56 and a 200-day moving average of $280.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. On average, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

SAP has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research report on Friday, May 2nd. Wells Fargo & Company began coverage on SAP in a research note on Tuesday, May 20th. They set an “overweight” rating for the company. Argus reissued a “buy” rating and issued a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. Wall Street Zen raised shares of SAP from a “hold” rating to a “buy” rating in a report on Sunday, June 29th. Finally, Piper Sandler started coverage on shares of SAP in a research report on Tuesday, June 17th. They issued an “overweight” rating on the stock. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $271.83.

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.