SAP (NYSE:SAP) Given New $210.00 Price Target at BMO Capital Markets

SAP (NYSE:SAP) had its price target trimmed by BMO Capital Markets from $245.00 to $210.00 in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has an outperform rating on the software maker’s stock.

Several other brokerages have also weighed in on SAP. Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. HSBC raised shares of SAP to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings downgraded shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 16th. Finally, Santander raised shares of SAP to a “neutral” rating in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $297.00.

SAP Trading Up 4.1%

Shares of SAP opened at $169.76 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average is $188.79 and its two-hundred day moving average is $228.05. SAP has a twelve month low of $160.66 and a twelve month high of $313.28. The firm has a market capitalization of $208.56 billion, a P/E ratio of 24.08, a PEG ratio of 1.84 and a beta of 1.24.

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

Hedge Funds Weigh In On SAP

Institutional investors and hedge funds have recently modified their holdings of the company. Dara Capital US Inc. purchased a new position in shares of SAP during the fourth quarter valued at approximately $3,342,000. Oppenheimer Asset Management Inc. lifted its stake in shares of SAP by 15.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock valued at $14,272,000 after buying an additional 7,066 shares during the period. Seaview Investment Managers LLC lifted its stake in shares of SAP by 191.4% during the third quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock valued at $3,138,000 after buying an additional 7,714 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of SAP during the third quarter valued at approximately $32,760,000. Finally, Cidel Asset Management Inc. increased its position in SAP by 9.7% during the third quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock worth $37,215,000 after purchasing an additional 12,268 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.