SAP SE (NYSE:SAP – Get Free Report) gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $275.60, but opened at $269.94. SAP shares last traded at $270.01, with a volume of 258,399 shares traded.
The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%.
Wall Street Analysts Forecast Growth
SAP has been the topic of several recent analyst reports. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities boosted their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday. BMO Capital Markets raised their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Barclays raised their target price on shares of SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $290.40.
Hedge Funds Weigh In On SAP
A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC grew its position in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC bought a new position in shares of SAP in the fourth quarter worth approximately $290,023,000. Principal Financial Group Inc. grew its holdings in shares of SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after buying an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after acquiring an additional 7,667 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in SAP by 12.5% in the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after acquiring an additional 23,352 shares during the last quarter.
SAP Price Performance
The firm has a market capitalization of $340.13 billion, a P/E ratio of 110.75, a PEG ratio of 3.89 and a beta of 1.22. The firm has a 50-day moving average of $251.29 and a 200-day moving average of $231.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.
About SAP
SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
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