JMP Securities Boosts SAP (NYSE:SAP) Price Target to $220.00

SAP (NYSE:SAP) had its target price increased by JMP Securities from $204.00 to $220.00 in a research report released on Tuesday, Benzinga reports. The firm currently has a market outperform rating on the software maker’s stock.

Several other research analysts have also issued reports on SAP. The Goldman Sachs Group upped their target price on SAP from $185.00 to $207.00 and gave the company a buy rating in a research report on Friday, January 26th. KeyCorp began coverage on SAP in a report on Thursday, March 21st. They issued an overweight rating on the stock. Barclays increased their price objective on SAP from $189.00 to $212.00 and gave the company an overweight rating in a report on Wednesday, April 3rd. Jefferies Financial Group raised SAP from a hold rating to a buy rating in a report on Friday, February 2nd. Finally, StockNews.com lowered SAP from a strong-buy rating to a buy rating in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $202.00.

SAP Price Performance

Shares of NYSE SAP opened at $188.01 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40. SAP has a 1-year low of $126.75 and a 1-year high of $199.29. The business has a fifty day moving average price of $187.41 and a 200 day moving average price of $165.13.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 23rd. The software maker reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). SAP had a return on equity of 9.54% and a net margin of 20.30%. The company had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.98 billion. Research analysts anticipate that SAP will post 4.77 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be issued a dividend of $2.3852 per share. This represents a yield of 0.9%. This is a positive change from SAP’s previous annual dividend of $2.19. The ex-dividend date is Thursday, May 16th. SAP’s dividend payout ratio (DPR) is 27.71%.

Institutional Trading of SAP

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC purchased a new position in SAP during the first quarter worth approximately $25,000. Sunbelt Securities Inc. purchased a new position in SAP during the first quarter worth approximately $29,000. Adirondack Trust Co. boosted its position in SAP by 121.1% during the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in SAP during the fourth quarter worth approximately $31,000. Finally, Larson Financial Group LLC purchased a new position in SAP during the fourth quarter worth approximately $33,000.

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.