SAP SE (NYSE:SAP) Receives $297.00 Consensus Price Target from Brokerages

SAP SE (NYSE:SAP) has been given a consensus rating of “Moderate Buy” by the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $290.25.

A number of equities research analysts have recently weighed in on SAP shares. Citizens Jmp lowered shares of SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Santander raised SAP to a “neutral” rating in a report on Tuesday, February 3rd.

Hedge Funds Weigh In On SAP

Institutional investors have recently bought and sold shares of the business. First PREMIER Bank acquired a new position in SAP during the third quarter valued at $25,000. Abich Financial Wealth Management LLC acquired a new position in SAP during the third quarter valued at $27,000. Copia Wealth Management acquired a new position in SAP during the third quarter valued at $28,000. Sound Income Strategies LLC boosted its stake in shares of 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 buying an additional 58 shares during the last quarter. Finally, Bayban purchased a new stake in shares of SAP in the fourth quarter worth about $28,000.

SAP Stock Down 1.2%

SAP stock opened at $179.01 on Friday. The firm has a 50 day moving average of $186.18 and a 200 day moving average of $224.82. The stock has a market capitalization of $219.91 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.24. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. SAP has a 52 week low of $160.66 and a 52 week high of $313.28.

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 during the quarter, compared to analysts’ expectations of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. SAP’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. Sell-side analysts forecast that SAP will post 8.38 earnings per share for the current year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th will be given a dividend of $2.9291 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a yield of 175.0%. This is a boost from SAP’s previous annual dividend of $2.54. SAP’s payout ratio is 26.10%.

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.