SAP (NYSE:SAP) Stock Rating Lowered by Wall Street Zen

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

A number of other equities research analysts have also issued reports on SAP. Arete Research upgraded SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Barclays set a $283.00 price objective on SAP in a research note on Monday, February 2nd. Zacks Research raised SAP from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Morgan Stanley restated an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Finally, Jefferies Financial Group reissued a “buy” rating on shares of SAP in a report on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, SAP currently has an average rating of “Moderate Buy” and an average price target of $305.75.

SAP Stock Down 3.0%

NYSE SAP opened at $196.60 on Tuesday. SAP has a 52 week low of $189.22 and a 52 week 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 company has a market capitalization of $241.52 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17. The stock’s 50-day moving average price is $226.66 and its 200-day moving average price is $249.55.

SAP (NYSE:SAP) last released its earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. The company had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.52%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.40 EPS. On average, equities research analysts predict that SAP will post 6.55 earnings per share for the current year.

Hedge Funds Weigh In On SAP

A number of institutional investors have recently modified their holdings of the stock. First PREMIER Bank acquired a new position in shares of SAP during the third quarter worth $25,000. Retirement Wealth Solutions LLC raised its stake in SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after buying an additional 69 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in SAP by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after acquiring an additional 58 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of SAP during the third quarter valued at about $27,000. Finally, Copia Wealth Management purchased a new position in shares of SAP in the 3rd quarter valued at approximately $28,000.

SAP Company Profile

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.