SAP (NYSE:SAP) Price Target Lowered to $242.00 at Barclays

SAP (NYSE:SAP) had its price target cut by Barclays from $255.00 to $242.00 in a research note published on Monday, MarketBeat Ratings reports. They currently have an overweight rating on the software maker’s stock.

A number of other research analysts have also recently commented on SAP. BMO Capital Markets boosted their price objective on SAP from $175.00 to $177.00 and gave the stock an “outperform” rating in a research note on Friday. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings lowered SAP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $264.83.

SAP Stock Performance

Shares of SAP stock opened at $171.07 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The company has a market cap of $210.16 billion, a PE ratio of 21.49, a P/E/G ratio of 1.84 and a beta of 1.14. The company’s fifty day simple moving average is $165.51 and its 200-day simple moving average is $183.57. SAP has a 52 week low of $144.97 and a 52 week high of $299.48.

SAP (NYSE:SAP) last announced its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. SAP had a net margin of 20.88% and a return on equity of 17.16%. The firm had revenue of $11.06 billion during the quarter. As a group, equities research analysts anticipate that SAP will post 8.26 EPS for the current year.

Institutional Trading of SAP

Several large investors have recently modified their holdings of SAP. Windacre Partnership LLC lifted its stake in shares of SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after acquiring an additional 1,336,325 shares in the last quarter. Bank of America Corp DE grew its stake in SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in SAP during the 1st quarter worth approximately $150,701,000. Sustainable Growth Advisers LP increased its holdings in SAP by 1,126.3% during the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock worth $225,102,000 after purchasing an additional 773,720 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of SAP by 1,582.7% in the 4th quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock valued at $198,529,000 after purchasing an additional 768,725 shares in the last quarter.

Key Stories Impacting SAP

Here are the key news stories impacting SAP this week:

• Positive Sentiment: An analyst-driven rally appears to be the main catalyst. SAP shares moved higher following an analyst upgrade, reinforcing investor confidence in the software maker’s outlook. SAP Shares Gap Up Following Analyst Upgrade
• Positive Sentiment: SAP’s effort to “build AI at scale” for enterprise customers supports the company’s cloud-transformation strategy and could strengthen demand for its software, data, and AI offerings. SAP aims to build AI at scale for the enterprise
• Positive Sentiment: Barclays retained an “overweight” rating and continues to see substantial long-term upside, even after reducing its SAP price target from $255 to $242. Barclays SAP price-target update
• Neutral Sentiment: Approaching support deadlines for older SAP systems are prompting customers to plan ECC6 replacements and compliance-focused migrations. This may create implementation and cloud opportunities for SAP, although customers face added costs and execution complexity. Home Affairs starts scoping SAP ECC6 replacement
• Negative Sentiment: Coverage highlighting compliance gaps in SAP’s Joule AI deployments and the work customers must complete before migration underscores potential regulatory, security, and adoption risks. SAP Joule compliance concerns

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.