SAP (NYSE:SAP – Get Free Report) had its price objective boosted by equities research analysts at BMO Capital Markets from $265.00 to $307.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price target suggests a potential upside of 9.85% from the company’s current price.
Several other research analysts have also weighed in on the stock. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays upped their price target on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, JMP Securities boosted their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $248.83.
Check Out Our Latest Stock Report on SAP
SAP Stock Up 1.0 %
SAP (NYSE:SAP – Get Free Report) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. As a group, equities research analysts anticipate that SAP will post 4.64 EPS for the current fiscal year.
Institutional Investors Weigh In On SAP
Institutional investors have recently modified their holdings of the stock. Holocene Advisors LP acquired a new position in shares of SAP in the 3rd quarter worth approximately $10,869,000. Atomi Financial Group Inc. boosted its holdings in SAP by 38.9% in the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after purchasing an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC increased its stake in SAP by 208.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after purchasing an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. raised its holdings 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 worth $125,654,000 after purchasing an additional 7,667 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in shares of SAP by 1,496.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after buying an additional 8,380 shares during the period.
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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