Shares of SAP SE (NYSE:SAP) have been assigned an average rating of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $129.50.
A number of research analysts have recently commented on SAP shares. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research note on Friday, October 11th. Oppenheimer reissued an “outperform” rating and set a $150.00 price target (up from $141.00) on shares of SAP in a research note on Wednesday, November 13th. ValuEngine cut SAP from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $140.00 target price on shares of SAP in a research report on Monday, October 21st.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voloridge Investment Management LLC purchased a new position in SAP during the third quarter valued at approximately $4,902,000. KCM Investment Advisors LLC lifted its holdings in SAP by 3.4% during the third quarter. KCM Investment Advisors LLC now owns 4,288 shares of the software maker’s stock worth $505,000 after buying an additional 142 shares during the period. Banco de Sabadell S.A boosted its position in SAP by 3.2% during the 3rd quarter. Banco de Sabadell S.A now owns 8,584 shares of the software maker’s stock valued at $1,010,000 after acquiring an additional 270 shares in the last quarter. Avestar Capital LLC boosted its position in SAP by 11.2% during the 3rd quarter. Avestar Capital LLC now owns 2,725 shares of the software maker’s stock valued at $321,000 after acquiring an additional 275 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of SAP in the 3rd quarter valued at $129,000. Institutional investors own 4.86% of the company’s stock.
Shares of SAP stock traded up $1.32 during trading on Friday, hitting $135.54. The stock had a trading volume of 354,593 shares, compared to its average volume of 766,626. SAP has a 12 month low of $94.81 and a 12 month high of $140.62. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s fifty day simple moving average is $133.52 and its 200-day simple moving average is $127.06. The stock has a market cap of $162.27 billion, a PE ratio of 29.92, a PEG ratio of 2.95 and a beta of 1.11.
SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.19. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.78 billion. SAP had a net margin of 12.62% and a return on equity of 16.12%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. Analysts expect that SAP will post 4.46 earnings per share for the current fiscal year.
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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