Linscomb & Williams Inc. Holds Stake in SAP SE (SAP)
Linscomb & Williams Inc. continued to hold its position in shares of SAP SE (NYSE:SAP) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,490 shares of the software maker’s stock at the end of the second quarter. Linscomb & Williams Inc.’s holdings in SAP SE were worth $261,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in SAP SE by 37.3% in the 1st quarter. Bank of America Corp DE now owns 2,565,236 shares of the software maker’s stock valued at $251,830,000 after acquiring an additional 696,447 shares in the last quarter. Parallel Advisors LLC raised its holdings in SAP SE by 32.4% in the 2nd quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock valued at $101,000 after acquiring an additional 234 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in SAP SE in the 1st quarter valued at approximately $2,053,000. Martin Investment Management LLC raised its holdings in SAP SE by 2.2% in the 2nd quarter. Martin Investment Management LLC now owns 105,451 shares of the software maker’s stock valued at $11,038,000 after acquiring an additional 2,310 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in SAP SE by 6.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 5,515 shares of the software maker’s stock valued at $541,000 after acquiring an additional 310 shares in the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on SAP shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $110.00 price target on shares of SAP SE in a report on Friday. Royal Bank Of Canada reaffirmed a “hold” rating on shares of SAP SE in a report on Monday, September 18th. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a report on Thursday, July 20th. BidaskClub cut SAP SE from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “sell” rating and issued a $75.00 price target on shares of SAP SE in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $94.84.
SAP SE (SAP) traded up 0.28% during midday trading on Friday, reaching $112.96. The company had a trading volume of 127,211 shares. The stock’s 50 day moving average is $108.79 and its 200 day moving average is $104.87. SAP SE has a one year low of $80.93 and a one year high of $113.17. The company has a market capitalization of $135.43 billion, a PE ratio of 32.75 and a beta of 1.10.
SAP SE declared that its Board of Directors has approved a stock repurchase plan on Thursday, July 20th that permits the company to buyback shares. This buyback authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
SAP SE Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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