Eastern Bank Has $130,000 Stake in SAP SE (NYSE:SAP)

Eastern Bank lowered its stake in SAP SE (NYSE:SAP) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 528 shares of the software maker’s stock after selling 65 shares during the quarter. Eastern Bank’s holdings in SAP were worth $130,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SAP. Godsey & Gibb Inc. acquired a new position in shares of SAP during the third quarter worth approximately $25,000. Brooklyn Investment Group bought a new stake in SAP during the 3rd quarter valued at $42,000. Prospera Private Wealth LLC acquired a new position in SAP during the third quarter worth $47,000. Versant Capital Management Inc bought a new position in shares of SAP in the fourth quarter valued at $54,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SAP during the third quarter valued at about $59,000.

SAP Trading Up 1.5 %

NYSE SAP opened at $253.20 on Wednesday. The business’s fifty day moving average is $244.13 and its 200-day moving average is $226.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $311.06 billion, a price-to-earnings ratio of 101.28, a PEG ratio of 4.94 and a beta of 1.22. SAP SE has a one year low of $155.82 and a one year high of $256.13.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the prior year, the firm posted $1.20 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Equities research analysts predict that SAP SE will post 4.8 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. JMP Securities raised their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, 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. One 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 presently has an average rating of “Moderate Buy” and an average price target of $252.33.

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.