SAP (NYSE:SAP) Raised to “Buy” at Wall Street Zen

SAP (NYSE:SAP) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other equities research analysts also recently commented on SAP. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research report on Monday, October 27th. HSBC upgraded shares of SAP to a “hold” rating in a report on Tuesday, January 20th. Argus restated a “buy” rating and issued a $320.00 price objective on shares of SAP in a report on Friday, October 24th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Friday, January 30th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $305.75.

SAP Trading Up 0.4%

NYSE SAP opened at $204.65 on Monday. The company has a market cap of $251.41 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17. SAP has a twelve month low of $189.22 and a twelve month high of $313.28. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average is $231.83 and its 200 day moving average is $253.18.

SAP (NYSE:SAP) last posted its earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.77 by $0.13. The firm had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. SAP had a return on equity of 16.52% and a net margin of 19.92%.The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. As a group, sell-side analysts expect that SAP will post 6.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SAP. First PREMIER Bank acquired a new position in SAP in the third quarter valued at approximately $25,000. Retirement Wealth Solutions LLC increased its stake in shares of SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after acquiring an additional 69 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after acquiring an additional 58 shares during the period. Abich Financial Wealth Management LLC bought a new position in SAP during the third quarter worth $27,000. Finally, Copia Wealth Management bought a new position in SAP during the third quarter worth $28,000.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.