Eastern Bank Makes New Investment in SAP SE (NYSE:SAP)

Eastern Bank acquired a new stake in shares of SAP SE (NYSE:SAP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 593 shares of the software maker’s stock, valued at approximately $136,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westfield Capital Management Co. LP purchased a new position in shares of SAP in the 1st quarter worth about $58,936,000. Marshall Wace LLP acquired a new position in SAP during the second quarter valued at approximately $21,479,000. Hantz Financial Services Inc. purchased a new stake in SAP during the second quarter worth approximately $20,532,000. GQG Partners LLC acquired a new stake in shares of SAP in the first quarter worth $14,940,000. Finally, Sustainable Growth Advisers LP raised its stake in shares of SAP by 130.0% in the 1st quarter. Sustainable Growth Advisers LP now owns 116,571 shares of the software maker’s stock valued at $22,735,000 after acquiring an additional 65,893 shares during the period.

Analyst Ratings Changes

SAP has been the subject of a number of research reports. Barclays upped their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday. JMP Securities increased their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets increased their price objective on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, TD Cowen lifted their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Price Performance

SAP opened at $238.34 on Friday. The company has a market capitalization of $292.80 billion, a P/E ratio of 95.34, a PEG ratio of 4.42 and a beta of 1.25. The company has a 50-day moving average of $222.71 and a 200-day moving average of $204.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. SAP SE has a 1-year low of $130.63 and a 1-year high of $238.48.

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