Exencial Wealth Advisors LLC Sells 1,373 Shares of SAP SE $SAP

Exencial Wealth Advisors LLC cut its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 11.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,069 shares of the software maker's stock after selling 1,373 shares during the period. Exencial Wealth Advisors LLC's holdings in SAP were worth $3,366,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its position in shares of SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after purchasing an additional 82 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of SAP during the second quarter worth $31,000. Creative Financial Designs Inc. ADV increased its position in shares of SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after purchasing an additional 66 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of SAP during the second quarter worth $38,000. Finally, Dagco Inc. acquired a new position in shares of SAP during the first quarter worth $45,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAP. Erste Group Bank downgraded SAP from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Weiss Ratings reissued a "buy (b)" rating on shares of SAP in a research report on Wednesday, October 8th. Oddo Bhf raised SAP from a "neutral" rating to an "outperform" rating in a research report on Wednesday, September 24th. Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Finally, JMP Securities upped their target price on SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $281.67.

SAP Price Performance

Shares of SAP opened at $276.64 on Thursday. The business's 50-day moving average is $269.60 and its two-hundred day moving average is $282.71. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. SAP SE has a fifty-two week low of $227.52 and a fifty-two week high of $313.28.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly 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 company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. Research analysts predict 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.

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