Wall Street Zen Downgrades SAP (NYSE:SAP) to Hold

SAP (NYSE:SAP) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Friday.

Other equities analysts have also recently issued research reports about the stock. Erste Group Bank cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b)” rating on shares of SAP in a research report on Saturday, September 27th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $281.67.

SAP Price Performance

Shares of NYSE SAP opened at $270.48 on Friday. SAP has a fifty-two week low of $217.51 and a fifty-two week high of $313.28. The stock has a market cap of $332.29 billion, a price-to-earnings ratio of 44.78, a PEG ratio of 3.89 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50-day simple moving average is $272.89 and its 200 day simple moving average is $282.40.

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

Institutional Investors Weigh In On SAP

Large investors have recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC increased its stake in shares of SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after purchasing an additional 82 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of SAP during the 2nd quarter worth approximately $31,000. Creative Financial Designs Inc. ADV increased its stake in shares of SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of SAP during the 2nd quarter worth approximately $38,000. Finally, Motco increased its stake in shares of SAP by 400.0% during the 2nd quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after purchasing an additional 100 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.