Fiduciary Trust Co Sells 321 Shares of SAP SE (NYSE:SAP)

Fiduciary Trust Co cut its position in SAP SE (NYSE:SAP) by 22.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,112 shares of the software maker’s stock after selling 321 shares during the quarter. Fiduciary Trust Co’s holdings in SAP were worth $255,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC raised its stake in SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after acquiring an additional 8,003 shares during the period. Creative Planning raised its position in shares of SAP by 18.0% in the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after purchasing an additional 14,546 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after buying an additional 142,270 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in SAP in the 3rd quarter worth approximately $3,780,000. Finally, Dash Acquisitions Inc. grew its stake in SAP by 2.8% in the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock valued at $19,039,000 after buying an additional 2,175 shares in the last quarter.

Analyst Ratings Changes

SAP has been the topic of a number of analyst reports. JMP Securities boosted their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. TD Cowen increased their price target on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, SAP currently has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Price Performance

SAP stock opened at $237.60 on Friday. The firm has a 50 day simple moving average of $231.55 and a two-hundred day simple moving average of $213.76. 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 cap of $291.89 billion, a PE ratio of 95.04, a P/E/G ratio of 4.45 and a beta of 1.25. SAP SE has a one year low of $148.38 and a one year high of $243.01.

SAP (NYSE:SAP) last released its 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 11.44%. The firm 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 company earned $1.20 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that SAP SE will post 4.89 EPS for the current fiscal year.

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.