SAP SE (NYSE:SAP) Receives $305.75 Average PT from Analysts

SAP SE (NYSE:SAP) has been assigned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $305.75.

A number of equities analysts have issued reports on SAP shares. Citizens Jmp cut shares of SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Barclays set a $283.00 price target on SAP in a research report on Monday, February 2nd. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Santander upgraded SAP to a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th.

Hedge Funds Weigh In On SAP

Several institutional investors have recently modified their holdings of SAP. Brighton Jones LLC lifted its position in SAP by 91.1% in the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after purchasing an additional 1,255 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of SAP in the first quarter valued at approximately $242,000. AQR Capital Management LLC increased its stake in shares of SAP by 49.0% in the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after purchasing an additional 5,363 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of SAP during the first quarter valued at approximately $2,681,000. Finally, Sivia Capital Partners LLC boosted its position in shares of SAP by 2.3% during the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after buying an additional 69 shares during the period.

SAP Stock Down 0.9%

Shares of NYSE:SAP opened at $167.51 on Tuesday. The company’s fifty day moving average is $202.17 and its two-hundred day moving average is $236.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. SAP has a 1-year low of $166.30 and a 1-year high of $313.28. The stock has a market capitalization of $205.78 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18.

SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating 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 business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the business posted $1.40 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that SAP will post 6.55 EPS for the current year.

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.