SAP (NYSE:SAP) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of SAP (NYSE:SAP) in a research note released on Tuesday morning, MarketBeat reports.

Several other analysts also recently issued reports on the company. Citizens Jmp downgraded SAP from an “outperform” rating to a “market perform” rating in a research note on Friday, January 30th. Santander raised shares of SAP to a “neutral” rating in a report on Tuesday, February 3rd. Citigroup cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings downgraded shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 16th. Finally, Arete Research upgraded shares of SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Stock Performance

Shares of NYSE SAP opened at $171.19 on Tuesday. 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 1 year low of $169.26 and a 1 year high of $313.28. The firm has a fifty day moving average price of $204.94 and a 200-day moving average price of $237.35. The stock has a market cap of $210.30 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.96 and a beta of 1.18.

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. The company had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. SAP’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. Equities analysts anticipate that SAP will post 6.55 earnings per share for the current fiscal year.

Institutional Trading of SAP

Hedge funds have recently modified their holdings of the company. First PREMIER Bank bought a new stake in SAP in the third quarter worth $25,000. Retirement Wealth Solutions LLC lifted its position in SAP by 246.4% during the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after purchasing an additional 69 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of SAP in the 3rd quarter worth $27,000. Copia Wealth Management purchased a new position in shares of SAP in the 3rd quarter worth $28,000. Finally, Sound Income Strategies LLC increased its holdings in shares of SAP by 109.4% in the 4th 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.

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.