In a recent 13F filing with the SEC, Franklin Street Advisors Inc. NC announced that they have established a new position in SAP SE (NYSE:SAP), acquiring 1,901 shares of the multinational software company. This move is indicative of the investment firm’s confidence in SAP’s enterprise application software products, which are designed to provide business solutions for finance, procurement, manufacturing, human resources and more.
Headquartered in Germany, SAP SE operates globally through four segments; Applications, Technology & Services, Qualtrics, Business Network and Sustainability. The software giant specializes in providing businesses worldwide with cutting-edge technologies that help make operations smoother and more efficient.
SAP SE S/4HANA enables companies to optimize their finance management systems by providing them with tools that support risk management and project management as well as procurement and asset management. In addition to this offering, SAP SuccessFactors provides HR and payroll services that leverage talent analytics capabilities for employee experience management.
The company also offers spend management solutions that streamline direct and indirect spend activities as well as travel expenses. These features come equipped with external workforce management capabilities to effectively manage expenses incurred outside the organization.
Shares of SAP stock currently trade at an average volume of 904,484 shares per day. The market capitalization stands close to $159 billion while the P/E ratio sits at 75.99 with a price-to-earnings-growth ratio of 2.25 and a beta value of 1.19 reflecting volatility levels within acceptable thresholds.
As one of the world’s highly-acclaimed purveyors of ERP software solutions due to its efficient suite SAP HANA and numerous industry-specific offerings such as banking solutions run on these platforms amongst others,…
In conclusion, with its solid market presence coupled with recognizable industry-centric products geared towards enhancing production metrics on a global scale it’s not surprising why Franklin Street Advisors Inc would find SAP SE a worthwhile investment choice worthy of incorporation into its portfolio.
SAP SE: Global Enterprise Software Provider with Positive Growth Prospects and Institutional Investment
SAP SE is a global provider of enterprise application software products that offers software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, as well as human resources and payroll solutions. The company operates through several segments including Applications, Technology & Services; Qualtrics; Business Network; and Sustainability. Despite missing consensus earnings estimates by $0.02 in the first quarter of 2017, SAP still reported earnings per share of $0.76 on revenue of $7.98 billion. Sell-side analysts predict that the company will post an earnings per share of 4.09 for the current fiscal year.
Recently, hedge funds and other institutional investors have added or reduced their stakes in the firm. Capital International Investors raised its stake in SAP by 58.2% to own 4,700,206 shares worth $524,270,000 after acquiring an additional 1,729,492 shares during the last quarter. Meanwhile Morgan Stanley’s stake rose 9.5% to own 2,750,865 shares valued at $283862000 buying another additional of 238039 shares during last quarter while Arrowstreet Capital Limited Partnership now owns 1,389,447 shares to value at $154173000 with a acquisition of extra chunk equaling to 969505 shares making sure rising a whopping raising stake percentage by230 percent.
Several equities analysts have weighed in on SAP as well over the past few months. BNP Paribas upgraded their rating from neutral to outperform with a price objective set at $143 while Sanford C Bernstein raised their target price from $154 to $169 due to the potential value-addition in Sustainability segment that SAP had been focussing lately.The weighted average consensus rating came out as “Moderate Buy” while Stocknews.com termed it Strong Buy highlighting the stock’s growth prospects.The software maker has also announced a marginal dividend payout of $2.1864 per share that was paid out on 22nd May with an ex-dividend date close to the payout date.
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