Brokerages Set SAP SE (NYSE:SAP) PT at $305.75

Shares of SAP SE (NYSE:SAP) have been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $305.75.

A number of brokerages have issued reports on SAP. BMO Capital Markets reissued an “outperform” rating on shares of SAP in a research note on Friday, January 30th. Barclays set a $283.00 price objective on shares of SAP in a research report on Monday, February 2nd. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Santander upgraded shares of SAP to a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Citigroup lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th.

SAP Stock Performance

SAP stock opened at $201.42 on Friday. The firm’s 50 day simple moving average is $223.22 and its 200-day simple moving average is $247.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 1.16. SAP has a fifty-two week low of $189.22 and a fifty-two week high of $313.28. The company has a market cap of $247.45 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18.

SAP (NYSE:SAP) last issued its earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The business had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter last year, the firm posted $1.40 earnings per share. SAP’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that SAP will post 6.55 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. CX Institutional boosted its position in SAP by 2.0% during the third quarter. CX Institutional now owns 1,961 shares of the software maker’s stock worth $524,000 after purchasing an additional 38 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of SAP by 1.0% during the 3rd quarter. Kathmere Capital Management LLC now owns 4,019 shares of the software maker’s stock worth $1,074,000 after buying an additional 40 shares during the period. Binnacle Investments Inc grew its stake in SAP by 14.2% in the 3rd quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock valued at $90,000 after buying an additional 42 shares during the last quarter. Certuity LLC raised its holdings in SAP by 2.4% in the 2nd quarter. Certuity LLC now owns 1,866 shares of the software maker’s stock worth $568,000 after acquiring an additional 43 shares during the period. Finally, Spire Wealth Management lifted its position in SAP by 6.2% during the 4th quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock worth $180,000 after acquiring an additional 43 shares during the last quarter.

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.