Boston Trust Walden Corp Purchases 1,500 Shares of SAP SE (NYSE:SAP)

Boston Trust Walden Corp grew its position in shares of SAP SE (NYSE:SAP) by 25.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,495 shares of the software maker’s stock after buying an additional 1,500 shares during the quarter. Boston Trust Walden Corp’s holdings in SAP were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. LRI Investments LLC bought a new position in shares of SAP in the first quarter worth $25,000. Godsey & Gibb Inc. bought a new position in shares of SAP in the third quarter worth $25,000. POM Investment Strategies LLC increased its position in shares of SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC increased its position in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 127 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in shares of SAP in the first quarter worth $29,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SAP. JMP Securities raised their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Barclays raised their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen raised their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets raised their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, SAP has an average rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Performance

Shares of SAP stock opened at $237.69 on Monday. The business’s 50-day moving average price is $223.61 and its 200-day moving average price is $205.09. SAP SE has a 12 month low of $130.63 and a 12 month high of $240.08. The firm has a market capitalization of $292.00 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 4.42 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.39%. The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period in the previous year, the business posted $1.20 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts forecast that SAP SE will post 4.83 EPS for the current year.

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.