SAP (NYSE:SAP) Given New $330.00 Price Target at JMP Securities

SAP (NYSE:SAP) had its price target lifted by JMP Securities from $300.00 to $330.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a market outperform rating on the software maker’s stock.

SAP has been the subject of several other research reports. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays lifted their price target on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets raised their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has an average rating of “Buy” and a consensus target price of $290.40.

SAP Stock Performance

Shares of NYSE SAP opened at $276.87 on Wednesday. SAP has a 52-week low of $173.05 and a 52-week high of $279.14. The stock has a market capitalization of $340.13 billion, a price-to-earnings ratio of 110.75, a PEG ratio of 3.89 and a beta of 1.22. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $251.29 and its 200 day simple moving average is $231.70.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. As a group, sell-side analysts forecast that SAP will post 4.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of SAP by 127.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,155 shares of the software maker’s stock valued at $13,166,000 after buying an additional 30,361 shares during the last quarter. Certuity LLC lifted its stake in SAP by 13.6% in the fourth quarter. Certuity LLC now owns 1,820 shares of the software maker’s stock valued at $448,000 after acquiring an additional 218 shares during the last quarter. Portfolio Design Labs LLC bought a new stake in SAP in the fourth quarter worth approximately $328,000. New Republic Capital LLC increased its stake in shares of SAP by 49.7% during the 4th quarter. New Republic Capital LLC now owns 1,714 shares of the software maker’s stock worth $422,000 after purchasing an additional 569 shares during the last quarter. Finally, Equitable Trust Co. raised its holdings in shares of SAP by 1,859.9% during the 4th quarter. Equitable Trust Co. now owns 18,482 shares of the software maker’s stock valued at $4,550,000 after purchasing an additional 17,539 shares in the last quarter.

About SAP

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.