SAP (NYSE:SAP) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of SAP (NYSE:SAP) from a buy rating to a strong-buy rating in a report issued on Wednesday.

Several other analysts have also recently issued reports on the stock. BMO Capital Markets increased their target price on shares of SAP from $147.00 to $195.00 and gave the stock a market perform rating in a research note on Thursday, January 25th. Barclays raised their price objective on shares of SAP from $189.00 to $212.00 and gave the company an overweight rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group raised their price objective on shares of SAP from $185.00 to $207.00 and gave the company a buy rating in a research report on Friday, January 26th. Jefferies Financial Group upgraded shares of SAP from a hold rating to a buy rating in a research report on Friday, February 2nd. Finally, KeyCorp assumed coverage on shares of SAP in a research report on Thursday, March 21st. They set an overweight rating on the stock. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $193.80.

SAP Price Performance

NYSE SAP opened at $184.09 on Wednesday. SAP has a 1 year low of $126.35 and a 1 year high of $199.29. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. The company’s 50 day simple moving average is $187.00 and its two-hundred day simple moving average is $161.61.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.17). SAP had a return on equity of 9.54% and a net margin of 20.30%. The firm had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.98 billion. On average, research analysts anticipate that SAP will post 4.36 earnings per share for the current year.

Hedge Funds Weigh In On SAP

Several institutional investors and hedge funds have recently made changes to their positions in SAP. FinTrust Capital Advisors LLC grew its holdings in shares of SAP by 130.8% during the 4th quarter. FinTrust Capital Advisors LLC now owns 240 shares of the software maker’s stock valued at $25,000 after purchasing an additional 136 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in SAP in the 2nd quarter worth $25,000. Column Capital Advisors LLC grew its holdings in SAP by 121.0% in the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock worth $29,000 after acquiring an additional 121 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in SAP in the 4th quarter worth $31,000. Finally, Adirondack Trust Co. grew its holdings in SAP by 121.1% in the 4th quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter.

SAP Company 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.