JMP Securities Raises SAP (NYSE:SAP) Price Target to $300.00

SAP (NYSE:SAP) had its target price hoisted by JMP Securities from $245.00 to $300.00 in a research note released on Tuesday, Benzinga reports. The firm currently has a market outperform rating on the software maker’s stock.

A number of other equities research analysts have also weighed in on the company. TD Cowen raised their price objective on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Barclays raised their price target on shares of SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets raised their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.50.

SAP Trading Up 1.2 %

NYSE SAP opened at $232.32 on Tuesday. The stock has a market cap of $285.41 billion, a P/E ratio of 50.39, a PEG ratio of 4.37 and a beta of 1.25. The company’s fifty day simple moving average is $222.27 and its 200-day simple moving average is $204.05. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP has a 52 week low of $130.08 and a 52 week high of $237.72.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS. Equities research analysts predict that SAP will post 4.84 EPS for the current fiscal year.

Institutional Trading of SAP

Institutional investors and hedge funds have recently modified their holdings of the business. Northwest Investment Counselors LLC bought a new stake in shares of SAP during the 1st quarter valued at about $25,000. Sunbelt Securities Inc. acquired a new position in SAP in the first quarter valued at approximately $29,000. Janiczek Wealth Management LLC grew its holdings in shares of SAP by 3.4% during the first quarter. Janiczek Wealth Management LLC now owns 5,311 shares of the software maker’s stock valued at $1,036,000 after purchasing an additional 176 shares during the last quarter. Cardinal Capital Management raised its position in shares of SAP by 5.3% during the 1st quarter. Cardinal Capital Management now owns 27,419 shares of the software maker’s stock worth $5,348,000 after purchasing an additional 1,379 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of SAP in the 1st quarter worth approximately $202,000.

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.