Massachusetts Financial Services Co. MA Increases Stock Position in SAP SE (NYSE:SAP)

Massachusetts Financial Services Co. MA lifted its position in shares of SAP SE (NYSE:SAP) by 6.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 157,600 shares of the software maker’s stock after purchasing an additional 10,061 shares during the period. Massachusetts Financial Services Co. MA’s holdings in SAP were worth $42,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of SAP by 31,239.5% during the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker’s stock valued at $350,644,000 after buying an additional 1,302,061 shares during the period. TD Asset Management Inc. grew its position in SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after purchasing an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after buying an additional 798,037 shares during the last quarter. Northern Trust Corp raised its stake in SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock worth $362,371,000 after purchasing an additional 701,880 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in SAP during the 4th quarter worth approximately $163,630,000.

SAP Price Performance

SAP opened at $308.38 on Friday. The firm has a 50-day moving average price of $299.56 and a 200-day moving average price of $280.73. The company has a market capitalization of $378.85 billion, a price-to-earnings ratio of 59.08, a PEG ratio of 4.33 and a beta of 1.30. SAP SE has a twelve month low of $194.93 and a twelve month high of $313.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. Equities analysts expect that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

SAP has been the topic of several research reports. UBS Group raised shares of SAP to a “strong-buy” rating in a research note on Friday, May 30th. Wall Street Zen upgraded SAP from a “hold” rating to a “buy” rating in a research note on Sunday, June 29th. Wells Fargo & Company initiated coverage on SAP in a report on Tuesday, May 20th. They set an “overweight” rating for the company. Piper Sandler initiated coverage on SAP in a research note on Tuesday, June 17th. They issued an “overweight” rating on the stock. Finally, JMP Securities reiterated a “market outperform” rating and issued a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, SAP currently has a consensus rating of “Buy” and a consensus price target 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.