Other analysts have also recently issued research reports about the stock. Jefferies Financial Group decreased their price target on shares of SAP from €130.00 ($139.78) to €120.00 ($129.03) and set a “buy” rating for the company in a research note on Friday. Zacks Investment Research upgraded shares of SAP from a “strong sell” rating to a “hold” rating and set a $113.00 target price for the company in a research note on Monday, March 14th. Credit Suisse Group cut their price target on shares of SAP from €152.00 ($163.44) to €142.00 ($152.69) and set an “outperform” rating for the company in a report on Monday. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 19th. Finally, Oppenheimer downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a report on Thursday, January 20th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, SAP has an average rating of “Buy” and an average target price of $110.44.
Shares of SAP stock opened at $103.73 on Friday. The company has a fifty day simple moving average of $110.37 and a 200-day simple moving average of $127.65. SAP has a 12-month low of $102.32 and a 12-month high of $151.48. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.27. The stock has a market cap of $127.43 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 5.95 and a beta of 1.15.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC acquired a new stake in shares of SAP in the fourth quarter worth approximately $2,680,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SAP by 237.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,025 shares of the software maker’s stock worth $1,489,000 after acquiring an additional 7,754 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of SAP by 0.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 104,255 shares of the software maker’s stock worth $14,079,000 after acquiring an additional 902 shares during the last quarter. Crawford Investment Counsel Inc. boosted its position in shares of SAP by 3.3% in the fourth quarter. Crawford Investment Counsel Inc. now owns 431,026 shares of the software maker’s stock worth $60,391,000 after acquiring an additional 13,635 shares during the last quarter. Finally, Saratoga Research & Investment Management acquired a new stake in shares of SAP in the third quarter worth approximately $357,000.
About SAP (Get Rating)
SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.
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