Linscomb Wealth Inc. Has $390,000 Holdings in SAP SE (NYSE:SAP)

Linscomb Wealth Inc. boosted its holdings in shares of SAP SE (NYSE:SAP) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,585 shares of the software maker’s stock after purchasing an additional 267 shares during the quarter. Linscomb Wealth Inc.’s holdings in SAP were worth $390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Centricity Wealth Management LLC bought a new stake in shares of SAP in the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP in the 4th quarter worth $27,000. Albion Financial Group UT increased its holdings in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the period. Brooklyn Investment Group acquired a new position in shares of SAP during the third quarter valued at about $42,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of SAP in the third quarter valued at about $47,000.

SAP Trading Up 0.4 %

Shares of SAP opened at $275.68 on Friday. 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 SE has a 12-month low of $175.08 and a 12-month high of $293.70. The firm has a market capitalization of $338.68 billion, a PE ratio of 96.06, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. The stock’s fifty day simple moving average is $269.19 and its 200-day simple moving average is $243.84.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

SAP has been the subject of a number of research reports. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has an average rating of “Buy” and a consensus target price 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.