Grupo Santander Upgrades SAP (NYSE:SAP) to “Neutral”

SAP (NYSE:SAPGet Rating) was upgraded by investment analysts at Grupo Santander from an “underperform” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports. The firm presently has a €104.00 ($109.47) target price on the software maker’s stock.

Several other research analysts have also recently weighed in on the company. Cowen reduced their price objective on SAP from $145.00 to $136.00 and set a “market perform” rating for the company in a research report on Friday, January 28th. BMO Capital Markets reduced their price target on SAP from $145.00 to $118.00 and set a “market perform” rating for the company in a research report on Monday, April 25th. Credit Suisse Group reduced their price target on SAP from €152.00 ($160.00) to €142.00 ($149.47) and set an “outperform” rating for the company in a research report on Monday, April 25th. Jefferies Financial Group reduced their price target on SAP from €130.00 ($136.84) to €120.00 ($126.32) and set a “buy” rating for the company in a research report on Friday, April 22nd. Finally, TheStreet cut SAP from a “b-” rating to a “c+” rating in a research report on Friday, April 22nd. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $109.80.

SAP stock opened at $102.56 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $108.39 and a 200-day moving average of $125.91. SAP has a fifty-two week low of $98.58 and a fifty-two week high of $151.48.

Several institutional investors have recently modified their holdings of the company. BerganKDV Wealth Management LLC grew its position in SAP by 12.4% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 652 shares of the software maker’s stock worth $88,000 after acquiring an additional 72 shares during the last quarter. Glassman Wealth Services grew its position in SAP by 10.7% during the 3rd quarter. Glassman Wealth Services now owns 774 shares of the software maker’s stock worth $105,000 after acquiring an additional 75 shares during the last quarter. Monte Financial Group LLC grew its position in SAP by 1.6% during the 4th quarter. Monte Financial Group LLC now owns 5,003 shares of the software maker’s stock worth $701,000 after acquiring an additional 80 shares during the last quarter. Telemus Capital LLC grew its position in SAP by 0.6% during the 4th quarter. Telemus Capital LLC now owns 14,079 shares of the software maker’s stock worth $1,973,000 after acquiring an additional 83 shares during the last quarter. Finally, Stokes Family Office LLC grew its position in SAP by 4.2% during the 3rd quarter. Stokes Family Office LLC now owns 2,099 shares of the software maker’s stock worth $283,000 after acquiring an additional 84 shares during the last quarter.

SAP Company Profile (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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