Analysts Set SAP SE (NYSE:SAP) PT at $281.67

Shares of SAP SE (NYSE:SAP) have been given a consensus rating of “Buy” by the fourteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $281.6667.

A number of research firms recently issued reports on SAP. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Morgan Stanley restated an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. Piper Sandler began coverage on SAP in a research note on Tuesday, June 17th. They issued an “overweight” rating on the stock. Barclays reiterated an “overweight” rating and issued a $322.00 price objective (up from $308.00) on shares of SAP in a report on Friday, July 25th. Finally, JMP Securities increased their target price on SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday, July 23rd.

SAP Trading Up 0.8%

NYSE SAP opened at $272.16 on Tuesday. The company has a market cap of $334.35 billion, a price-to-earnings ratio of 45.06, a P/E/G ratio of 3.88 and a beta of 1.28. SAP has a 52 week low of $217.51 and a 52 week high of $313.28. The business has a 50 day moving average price of $273.23 and a 200-day moving average price of $282.33. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company had revenue of $10.58 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. SAP’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities analysts expect that SAP will post 6.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SAP. Park National Corp OH increased its position in SAP by 28.8% during the 3rd quarter. Park National Corp OH now owns 2,023 shares of the software maker’s stock valued at $541,000 after buying an additional 452 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of SAP by 8.3% in the 2nd quarter. Corient Private Wealth LLC now owns 39,697 shares of the software maker’s stock worth $12,072,000 after buying an additional 3,045 shares during the last quarter. Caldwell Trust Co purchased a new position in SAP during the second quarter valued at $231,000. Valeo Financial Advisors LLC lifted its position in SAP by 7.3% during the second quarter. Valeo Financial Advisors LLC now owns 3,401 shares of the software maker’s stock valued at $1,034,000 after purchasing an additional 231 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in SAP by 51.9% during the second quarter. Osaic Holdings Inc. now owns 18,885 shares of the software maker’s stock valued at $5,651,000 after purchasing an additional 6,453 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.