SAP SE (NYSE:SAP) Given Average Rating of “Moderate Buy” by Analysts

SAP SE (NYSE:SAP) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $232.17.

Several analysts have issued reports on SAP shares. JMP Securities boosted their target price on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. Barclays increased their price objective on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. TD Cowen upped their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets upped their price objective on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd.

Institutional Trading of SAP

Large investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC boosted its holdings in SAP by 113.3% in the first quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after purchasing an additional 8,003 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of SAP by 21.1% during the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after acquiring an additional 4,596 shares during the last quarter. Wealthspire Advisors LLC acquired a new position in shares of SAP during the 1st quarter valued at about $237,000. CWM LLC lifted its holdings in SAP by 9.1% in the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock worth $578,000 after purchasing an additional 240 shares during the last quarter. Finally, Sei Investments Co. boosted its position in SAP by 4.2% during the second quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after purchasing an additional 6,785 shares during the period.

SAP Stock Up 1.6 %

Shares of SAP stock opened at $231.83 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP has a 12-month low of $127.30 and a 12-month high of $232.23. The firm has a market capitalization of $284.80 billion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 4.32 and a beta of 1.25. The stock’s fifty day moving average is $219.38 and its 200-day moving average is $202.50.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. Equities analysts anticipate that SAP will post 4.78 earnings per share for the current year.

SAP Company Profile

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.