Brokerages Set SAP SE (NYSE:SAP) Price Target at $271.83

SAP SE (NYSE:SAP) has received an average recommendation of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $271.83.

SAP has been the topic of several analyst reports. Piper Sandler assumed coverage on SAP in a report on Tuesday, June 17th. They issued an “overweight” rating on the stock. BMO Capital Markets lifted their price objective on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. JMP Securities reiterated a “market outperform” rating and set a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Argus reiterated a “buy” rating and issued a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research report on Friday, May 2nd.

Institutional Investors Weigh In On SAP

A number of large investors have recently bought and sold shares of SAP. Deutsche Bank AG lifted its stake in SAP by 41.3% in the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker’s stock worth $1,175,000 after purchasing an additional 1,396 shares in the last quarter. National Bank of Canada FI lifted its position in shares of SAP by 3.3% during the 4th quarter. National Bank of Canada FI now owns 75,692 shares of the software maker’s stock worth $18,636,000 after purchasing an additional 2,445 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of SAP by 473.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,081 shares of the software maker’s stock worth $502,000 after acquiring an additional 1,718 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in SAP in the first quarter valued at approximately $790,000. Finally, Alliancebernstein L.P. boosted its stake in SAP by 15.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker’s stock valued at $313,000 after acquiring an additional 172 shares in the last quarter.

SAP Stock Down 0.8%

SAP stock opened at $306.17 on Thursday. SAP has a fifty-two week low of $194.93 and a fifty-two week high of $313.28. The firm’s 50-day simple moving average is $299.81 and its 200 day simple moving average is $281.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $376.13 billion, a PE ratio of 58.65, a price-to-earnings-growth ratio of 4.33 and a beta of 1.30.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a net margin of 16.33% and a return on equity of 13.66%. The company had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $9.08 billion. Research analysts predict that SAP will post 6.55 EPS for the current fiscal year.

About SAP

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.