Massachusetts Financial Services Co. MA Raises Stock Holdings in SAP SE (NYSE:SAP)

Massachusetts Financial Services Co. MA boosted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 157,600 shares of the software maker's stock after buying an additional 10,061 shares during the period. Massachusetts Financial Services Co. MA's holdings in SAP were worth $42,306,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its position in shares of SAP by 41.3% during the fourth quarter. Deutsche Bank AG now owns 4,773 shares of the software maker's stock worth $1,175,000 after acquiring an additional 1,396 shares during the period. National Bank of Canada FI lifted its holdings in shares of SAP by 3.3% in the 4th quarter. National Bank of Canada FI now owns 75,692 shares of the software maker's stock worth $18,636,000 after acquiring an additional 2,445 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in SAP by 473.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,081 shares of the software maker's stock worth $502,000 after buying an additional 1,718 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of SAP in the 1st quarter valued at approximately $790,000. Finally, Alliancebernstein L.P. grew its position in shares of SAP by 15.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker's stock valued at $313,000 after buying an additional 172 shares during the last quarter.

SAP Stock Performance

SAP stock opened at $308.38 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50 day simple moving average of $299.56 and a 200 day simple moving average of $280.73. The stock has a market cap 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 52 week low of $194.93 and a 52 week high of $313.28.

SAP (NYSE:SAP - Get Free Report) last released its earnings results 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. SAP had a net margin of 16.33% and a return on equity of 13.66%. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. Research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company started coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Jefferies Financial Group restated a "buy" rating on shares of SAP in a report on Friday, May 2nd. Piper Sandler started coverage on SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating for the company. Finally, BMO Capital Markets lifted their price objective on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average 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.

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