Franklin Street Advisors Inc. NC Has $245,000 Stock Position in SAP SE (NYSE:SAP)

Franklin Street Advisors Inc. NC lessened its holdings in shares of SAP SE (NYSE:SAP) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,587 shares of the software maker’s stock after selling 402 shares during the period. Franklin Street Advisors Inc. NC’s holdings in SAP were worth $245,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SAP. Stifel Financial Corp lifted its holdings in SAP by 10.9% during the 3rd quarter. Stifel Financial Corp now owns 193,376 shares of the software maker’s stock worth $25,007,000 after buying an additional 19,080 shares during the period. Clear Street Markets LLC lifted its stake in shares of SAP by 2.8% in the third quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock worth $800,000 after acquiring an additional 166 shares during the period. Tudor Investment Corp Et Al bought a new stake in SAP in the second quarter valued at approximately $8,491,000. Graham Capital Management L.P. acquired a new stake in SAP during the 3rd quarter valued at approximately $430,000. Finally, Fulton Bank N.A. acquired a new stake in SAP during the 4th quarter valued at approximately $282,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SAP shares. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 20th. KeyCorp assumed coverage on shares of SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. The Goldman Sachs Group lifted their price objective on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. BMO Capital Markets upped their target price on SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Barclays lifted their target price on SAP from $156.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $189.20.

SAP Price Performance

Shares of SAP opened at $195.03 on Friday. The stock has a 50-day moving average of $182.59 and a 200-day moving average of $157.63. SAP SE has a one year low of $123.54 and a one year high of $199.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). SAP had a net margin of 20.30% and a return on equity of 9.54%. The firm had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. On average, sell-side analysts anticipate that SAP SE will post 5.05 earnings per share for the current fiscal year.

About SAP

SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.