SAP (NYSE:SAP – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Several other equities research analysts also recently issued reports on SAP. UBS Group upgraded SAP to a “strong-buy” rating in a report on Friday, May 30th. JMP Securities upped their target price on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 23rd. Piper Sandler began coverage on shares of SAP in a report on Tuesday, June 17th. They issued an “overweight” rating for the company. Wells Fargo & Company started coverage on shares of SAP in a report on Tuesday, May 20th. They set an “overweight” rating on the stock. Finally, Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $281.67.
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SAP Trading Down 0.4%
NYSE:SAP opened at $257.10 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP has a one year low of $217.51 and a one year high of $313.28. The company has a market cap of $315.85 billion, a PE ratio of 42.57, a PEG ratio of 3.69 and a beta of 1.29. The firm has a 50-day moving average of $284.11 and a 200-day moving average of $283.12.
SAP (NYSE:SAP – Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. The business had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. As a group, equities research analysts expect that SAP will post 6.55 EPS for the current fiscal year.
Institutional Investors Weigh In On SAP
Several hedge funds and other institutional investors have recently modified their holdings of SAP. Bain Capital Public Equity Management II LLC bought a new position in shares of SAP in the first quarter valued at approximately $13,869,000. Deutsche Bank AG lifted its stake in SAP by 41.3% in the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker’s stock worth $1,175,000 after purchasing an additional 1,396 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in SAP in the 1st quarter valued at $1,580,000. BNP Paribas Financial Markets grew its position in shares of SAP by 2.6% during the 1st quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker’s stock valued at $98,483,000 after purchasing an additional 9,411 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of SAP by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after purchasing an additional 80,164 shares during the period.
About SAP
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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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