SAP’s (SAP) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of SAP (NYSE:SAP) in a research report report published on Friday,Benzinga reports. They currently have a $330.00 price objective on the software maker’s stock.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Friday, May 2nd. BMO Capital Markets raised their target price on shares of SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Barclays restated an “overweight” rating and set a $308.00 target price (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Finally, Wells Fargo & Company initiated coverage on shares of SAP in a research note on Tuesday, May 20th. They set an “overweight” rating on the stock. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has a consensus rating of “Buy” and an average target price of $271.83.

SAP Trading Down 1.7%

NYSE:SAP opened at $294.89 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP has a 12 month low of $179.43 and a 12 month high of $303.40. The company has a market cap of $362.27 billion, a PE ratio of 102.75, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The company has a 50 day simple moving average of $275.53 and a two-hundred day simple moving average of $265.56.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. Research analysts forecast that SAP will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a $2.5423 dividend. The ex-dividend date was Tuesday, May 13th. This represents a yield of 0.8%. This is an increase from SAP’s previous annual dividend of $2.39. SAP’s dividend payout ratio is currently 35.25%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SAP. Fisher Asset Management LLC lifted its stake in SAP by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after purchasing an additional 403,956 shares in the last quarter. TD Asset Management Inc lifted its stake in SAP by 3.8% in the 1st quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker’s stock worth $446,364,000 after purchasing an additional 60,261 shares in the last quarter. TD Asset Management Inc. lifted its stake in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after purchasing an additional 890,157 shares in the last quarter. Northern Trust Corp lifted its stake in SAP by 2.8% in the 1st quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker’s stock worth $406,076,000 after purchasing an additional 40,926 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after purchasing an additional 798,037 shares in 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.