Boston Common Asset Management LLC Sells 2,134 Shares of SAP SE (NYSE:SAP)

Boston Common Asset Management LLC lowered its stake in SAP SE (NYSE:SAP - Free Report) by 3.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,934 shares of the software maker's stock after selling 2,134 shares during the period. Boston Common Asset Management LLC's holdings in SAP were worth $14,478,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Fisher Asset Management LLC lifted its position in shares of SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock worth $1,260,137,000 after purchasing an additional 403,956 shares during the last quarter. TD Asset Management Inc. lifted its position in shares of SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after purchasing an additional 890,157 shares during the last quarter. Northern Trust Corp lifted its position in shares of SAP by 91.2% during 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 during the last quarter. JPMorgan Chase & Co. lifted its position 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 purchasing an additional 798,037 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of SAP by 5.7% during the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock worth $323,720,000 after purchasing an additional 70,613 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on SAP shares. Argus reissued a "buy" rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Barclays restated an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. BMO Capital Markets boosted their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Finally, JMP Securities restated a "market outperform" rating and set a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $271.83.

SAP Price Performance

Shares of SAP stock traded down $0.03 during trading hours on Monday, hitting $302.84. The company had a trading volume of 467,848 shares, compared to its average volume of 1,349,547. SAP SE has a 12 month low of $181.84 and a 12 month high of $304.43. The firm has a market capitalization of $372.03 billion, a price-to-earnings ratio of 105.46, a PEG ratio of 4.71 and a beta of 1.35. The firm's fifty day moving average is $277.99 and its 200 day moving average is $267.83. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, sell-side analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were given a dividend of $2.5423 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's dividend payout ratio is 35.25%.

SAP Company 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.