Linscomb Wealth Inc. Sells 280 Shares of SAP SE $SAP

Linscomb Wealth Inc. lessened its holdings in shares of SAP SE (NYSE:SAP) by 17.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,323 shares of the software maker’s stock after selling 280 shares during the period. Linscomb Wealth Inc.’s holdings in SAP were worth $402,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Earned Wealth Advisors LLC boosted its stake in SAP by 9.4% during the second quarter. Earned Wealth Advisors LLC now owns 860 shares of the software maker’s stock worth $262,000 after acquiring an additional 74 shares in the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of SAP by 31.8% during the second quarter. Simon Quick Advisors LLC now owns 3,788 shares of the software maker’s stock valued at $1,152,000 after purchasing an additional 914 shares during the last quarter. AdvisorShares Investments LLC boosted its position in shares of SAP by 20.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 5,161 shares of the software maker’s stock worth $1,569,000 after purchasing an additional 875 shares in the last quarter. Keybank National Association OH grew its stake in shares of SAP by 1.8% in the 2nd quarter. Keybank National Association OH now owns 14,076 shares of the software maker’s stock worth $4,281,000 after buying an additional 246 shares during the last quarter. Finally, Spire Wealth Management increased its position in SAP by 116.9% during the 2nd quarter. Spire Wealth Management now owns 3,449 shares of the software maker’s stock valued at $1,049,000 after buying an additional 1,859 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on SAP. BMO Capital Markets cut their target price on SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. JMP Securities reiterated a “market outperform” rating and issued a $375.00 price target on shares of SAP in a research note on Thursday, October 23rd. Morgan Stanley restated an “overweight” rating on shares of SAP in a research note on Friday. KeyCorp reaffirmed an “overweight” rating on shares of SAP in a report on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of SAP in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $284.33.

SAP Stock Performance

Shares of NYSE SAP opened at $260.14 on Friday. The firm has a 50 day moving average of $268.59 and a 200 day moving average of $283.67. The firm has a market capitalization of $319.59 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 3.83 and a beta of 1.28. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the firm earned $1.23 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

SAP Profile

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.