SAP SE (NYSE:SAP)‘s stock had its “buy” rating restated by Morgan Stanley in a research note issued on Monday, October 16th.
A number of other equities research analysts also recently weighed in on SAP. Royal Bank Of Canada restated a “neutral” rating on shares of SAP SE in a research report on Monday, October 16th. Stifel Nicolaus reiterated a “sell” rating and issued a $75.00 price objective on shares of SAP SE in a report on Thursday, October 12th. BMO Capital Markets reiterated a “hold” rating and issued a $110.00 price objective on shares of SAP SE in a report on Friday, October 13th. Zacks Investment Research raised SAP SE from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of SAP SE in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. SAP SE has an average rating of “Buy” and a consensus target price of $101.33.
SAP SE (NYSE:SAP) opened at 113.40 on Monday. The firm has a 50-day moving average price of $110.52 and a 200 day moving average price of $105.85. SAP SE has a one year low of $80.93 and a one year high of $113.98. The firm has a market capitalization of $135.96 billion, a PE ratio of 32.88 and a beta of 1.10.
SAP SE (NYSE:SAP) last posted its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. SAP SE had a return on equity of 15.43% and a net margin of 15.80%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.68 billion. SAP SE’s revenue was up 4.0% compared to the same quarter last year. Analysts anticipate that SAP SE will post $4.82 EPS for the current fiscal year.
SAP SE declared that its Board of Directors has authorized a stock repurchase program on Thursday, July 20th that permits the company to repurchase shares. This repurchase authorization permits the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
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A number of institutional investors have recently modified their holdings of the stock. Strategic Global Advisors LLC boosted its holdings in SAP SE by 0.3% in the 2nd quarter. Strategic Global Advisors LLC now owns 3,468 shares of the software maker’s stock worth $363,000 after buying an additional 12 shares during the period. Eaton Vance Management boosted its holdings in SAP SE by 1.1% in the 2nd quarter. Eaton Vance Management now owns 2,176 shares of the software maker’s stock worth $228,000 after buying an additional 23 shares during the period. Huntington National Bank boosted its holdings in SAP SE by 1.6% in the 2nd quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock worth $162,000 after buying an additional 24 shares during the period. Sawtooth Solutions LLC boosted its holdings in SAP SE by 1.4% in the 2nd quarter. Sawtooth Solutions LLC now owns 3,855 shares of the software maker’s stock worth $404,000 after buying an additional 52 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its holdings in SAP SE by 2.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,604 shares of the software maker’s stock worth $372,000 after buying an additional 79 shares during the period. 3.57% of the stock is owned by institutional investors.
SAP SE Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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