Exencial Wealth Advisors LLC Lowers Stake in SAP SE $SAP

Exencial Wealth Advisors LLC reduced its position in shares of SAP SE (NYSE:SAP) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,069 shares of the software maker’s stock after selling 1,373 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in SAP were worth $3,366,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SAP. Brighton Jones LLC boosted its stake in shares of SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after acquiring an additional 1,255 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of SAP by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 4,866 shares of the software maker’s stock worth $1,306,000 after acquiring an additional 698 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of SAP by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,139 shares of the software maker’s stock worth $7,554,000 after acquiring an additional 576 shares in the last quarter. XML Financial LLC purchased a new stake in shares of SAP during the 1st quarter worth about $211,000. Finally, Continuum Advisory LLC boosted its stake in shares of SAP by 109.6% during the 1st quarter. Continuum Advisory LLC now owns 262 shares of the software maker’s stock worth $70,000 after acquiring an additional 137 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SAP shares. Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Barclays reaffirmed an “overweight” rating and issued a $322.00 price target (up from $308.00) on shares of SAP in a research note on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SAP in a research note on Wednesday, October 8th. Finally, Erste Group Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $281.67.

SAP Trading Down 1.4%

Shares of SAP stock opened at $276.64 on Thursday. The stock has a market cap of $339.85 billion, a P/E ratio of 45.80, a P/E/G ratio of 4.16 and a beta of 1.28. The stock’s 50 day simple moving average is $269.60 and its 200-day simple moving average is $282.71. SAP SE has a 1-year low of $227.52 and a 1-year high of $313.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. The business had revenue of $10.58 billion for the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. Analysts predict that SAP SE will post 6.55 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.