SAP (NYSE:SAP) Now Covered by Piper Sandler

Piper Sandler assumed coverage on shares of SAP (NYSE:SAP) in a research note issued to investors on Tuesday morning. The brokerage issued an overweight rating on the software maker’s stock.

Several other analysts have also recently issued reports on SAP. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Monday, October 27th. Citizens Jmp downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research report on Friday, October 31st. Barclays set a $283.00 price target on SAP in a research note on Monday. Finally, Santander upgraded SAP to a “neutral” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average price target of $305.75.

SAP Trading Down 4.8%

Shares of SAP opened at $197.23 on Tuesday. SAP has a one year low of $195.06 and a one year high of $313.28. The stock has a 50-day moving average price of $238.00 and a 200 day moving average price of $258.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.11. The company has a market capitalization of $242.29 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.28 and a beta of 1.17.

SAP (NYSE:SAP) last posted its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.73% and a net margin of 19.92%.The company had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the business earned $1.40 EPS. SAP’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts forecast that SAP will post 6.55 EPS for the current fiscal year.

Institutional Trading of SAP

Several large investors have recently added to or reduced their stakes in the business. First PREMIER Bank bought a new position in shares of SAP in the third quarter worth $25,000. Retirement Wealth Solutions LLC lifted its holdings in SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after purchasing an additional 69 shares during the period. Sound Income Strategies LLC grew its position in SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after buying an additional 58 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in SAP during the 3rd quarter valued at about $27,000. Finally, Copia Wealth Management bought a new stake in shares of SAP during the 3rd quarter worth about $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.