SAP SE (NYSE:SAP) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its holdings in shares of SAP SE (NYSE:SAP) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,548 shares of the software maker’s stock after selling 5,971 shares during the period. Franklin Resources Inc.’s holdings in SAP were worth $10,094,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Godsey & Gibb Inc. purchased a new position in shares of SAP in the 3rd quarter valued at approximately $25,000. Crewe Advisors LLC increased its stake in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares during the period. Brooklyn Investment Group purchased a new position in SAP during the 3rd quarter worth $42,000. Prospera Private Wealth LLC acquired a new stake in shares of SAP in the 3rd quarter worth $47,000. Finally, LRI Investments LLC boosted its holdings in shares of SAP by 68.3% in the second quarter. LRI Investments LLC now owns 212 shares of the software maker’s stock valued at $43,000 after acquiring an additional 86 shares in the last quarter.

SAP Stock Up 0.9 %

SAP stock opened at $247.90 on Friday. The firm has a market capitalization of $304.55 billion, a price-to-earnings ratio of 99.16, a price-to-earnings-growth ratio of 4.94 and a beta of 1.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a fifty-two week low of $148.38 and a fifty-two week high of $256.13. The stock’s fifty day moving average is $238.81 and its two-hundred day moving average is $219.99.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 earnings per share. Analysts predict that SAP SE will post 4.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About SAP

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.