SAP SE (NYSE:SAP) Shares Purchased by Linscomb Wealth Inc.

Linscomb Wealth Inc. lifted its holdings in shares of SAP SE (NYSE:SAP) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,585 shares of the software maker’s stock after acquiring an additional 267 shares during the quarter. Linscomb Wealth Inc.’s holdings in SAP were worth $390,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SAP. Centricity Wealth Management LLC bought a new position in shares of SAP in the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP during the fourth quarter worth about $27,000. Albion Financial Group UT grew its holdings in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of SAP during the 3rd quarter worth approximately $42,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of SAP in the 3rd quarter worth approximately $47,000.

SAP Price Performance

Shares of NYSE:SAP opened at $275.68 on Friday. The company’s fifty day moving average is $269.19 and its two-hundred day moving average is $243.84. The company has a market cap of $338.68 billion, a P/E ratio of 96.06, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on SAP. BMO Capital Markets raised their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, Barclays raised their price objective on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $248.83.

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.