SAP (NYSE:SAP) announced its earnings results on Thursday. The software maker reported $1.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.09, Briefing.com reports. The business had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.71 billion. SAP had a return on equity of 15.18% and a net margin of 11.95%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.98 earnings per share. SAP updated its FY 2020 guidance to EPS.
SAP stock opened at $124.63 on Friday. SAP has a twelve month low of $94.81 and a twelve month high of $140.62. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50. The stock has a market cap of $153.11 billion, a PE ratio of 27.51, a P/E/G ratio of 2.78 and a beta of 1.07. The company’s 50-day moving average is $132.51.
Several research analysts have issued reports on the company. Argus raised their target price on Thermo Fisher Scientific from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank raised their target price on Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday. HSBC cut EFG EUROBANK ER/ADR from a “buy” rating to a “hold” rating in a research report on Monday, June 17th. Royal Bank of Canada raised their target price on Principal Financial Group to $55.00 and gave the stock a “market perform” rating in a research report on Monday, April 29th. Finally, ValuEngine cut Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $111.50.
Several hedge funds have recently bought and sold shares of the company. FDx Advisors Inc. raised its stake in SAP by 81.5% during the 2nd quarter. FDx Advisors Inc. now owns 28,585 shares of the software maker’s stock valued at $3,910,000 after purchasing an additional 12,834 shares during the period. Bessemer Group Inc. raised its stake in SAP by 15.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,893 shares of the software maker’s stock valued at $259,000 after purchasing an additional 258 shares during the period. Commonwealth Equity Services LLC raised its stake in SAP by 14.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,321 shares of the software maker’s stock valued at $1,548,000 after purchasing an additional 1,466 shares during the period. YorkBridge Wealth Partners LLC raised its stake in SAP by 11.7% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 5,552 shares of the software maker’s stock valued at $760,000 after purchasing an additional 582 shares during the period. Finally, NEXT Financial Group Inc raised its stake in SAP by 2,006.1% during the 2nd quarter. NEXT Financial Group Inc now owns 695 shares of the software maker’s stock valued at $95,000 after purchasing an additional 662 shares during the period. 4.84% of the stock is currently owned by hedge funds and other institutional investors.
SAP Company Profile
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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