SAP SE (NYSE:SAP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of SAP SE (NYSE:SAP) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $146.29.

A number of research firms have recently issued reports on SAP. Sanford C. Bernstein raised their price target on shares of SAP from $169.00 to $176.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $179.00 price objective on shares of SAP in a report on Thursday, October 19th. Oppenheimer reaffirmed a “market perform” rating on shares of SAP in a report on Friday, July 21st. StockNews.com assumed coverage on shares of SAP in a report on Thursday, October 5th. They issued a “strong-buy” rating on the stock. Finally, BMO Capital Markets increased their price objective on shares of SAP from $140.00 to $147.00 and gave the stock a “market perform” rating in a report on Friday, October 20th.

SAP Stock Performance

Shares of SAP stock opened at $133.66 on Tuesday. SAP has a one year low of $92.67 and a one year high of $145.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.55 and a current ratio of 1.55. The company has a 50 day moving average price of $133.64 and a 200 day moving average price of $134.10. The firm has a market capitalization of $157.66 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of SAP by 2.8% in the first quarter. FMR LLC now owns 5,593,398 shares of the software maker’s stock worth $707,845,000 after buying an additional 154,520 shares during the period. Capital International Investors boosted its holdings in shares of SAP by 58.2% in the first quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock worth $524,270,000 after buying an additional 1,729,492 shares during the period. Morgan Stanley boosted its holdings in shares of SAP by 9.5% in the fourth quarter. Morgan Stanley now owns 2,750,865 shares of the software maker’s stock worth $283,862,000 after buying an additional 238,039 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of SAP by 33.4% in the first quarter. Clearbridge Investments LLC now owns 2,443,660 shares of the software maker’s stock worth $309,245,000 after buying an additional 612,168 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of SAP by 230.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock worth $154,173,000 after buying an additional 969,505 shares during the period. 4.99% of the stock is currently owned by institutional investors and hedge funds.

SAP Company Profile

SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.