Shares of SAP SE (NYSE:SAP) have earned a consensus rating of “Buy” from the twenty-one research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $99.25.
Several brokerages have commented on SAP. Evercore ISI upgraded shares of SAP from an “in-line” rating to an “outperform” rating in a report on Monday, March 12th. Royal Bank of Canada restated a “neutral” rating on shares of SAP in a report on Tuesday, March 6th. Citigroup restated a “buy” rating on shares of SAP in a report on Friday, March 2nd. Stifel Nicolaus restated a “sell” rating and set a $74.00 target price (down from $80.00) on shares of SAP in a report on Thursday, March 1st. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $122.00 target price (down from $133.00) on shares of SAP in a report on Monday, February 12th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harding Loevner LP raised its holdings in shares of SAP by 4,590.3% in the third quarter. Harding Loevner LP now owns 267,928,144 shares of the software maker’s stock valued at $402,798,000 after purchasing an additional 262,215,799 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of SAP by 3.8% in the fourth quarter. Fisher Asset Management LLC now owns 6,850,748 shares of the software maker’s stock valued at $769,750,000 after purchasing an additional 251,593 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of SAP by 2.6% in the third quarter. Neuberger Berman Group LLC now owns 1,346,504 shares of the software maker’s stock valued at $147,644,000 after purchasing an additional 33,768 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of SAP by 8.2% in the third quarter. Russell Investments Group Ltd. now owns 1,107,059 shares of the software maker’s stock valued at $121,363,000 after purchasing an additional 83,601 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of SAP by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 952,762 shares of the software maker’s stock valued at $107,052,000 after purchasing an additional 32,603 shares during the last quarter. Institutional investors own 10.28% of the company’s stock.
SAP (NYSE SAP) traded down $0.97 during trading on Wednesday, reaching $107.52. 578,378 shares of the company traded hands, compared to its average volume of 1,012,783. SAP has a twelve month low of $96.04 and a twelve month high of $116.90. The company has a market cap of $133,280.41, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 2.97 and a beta of 1.15. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.20.
SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 30th. The software maker reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.33. SAP had a net margin of 17.38% and a return on equity of 17.33%. The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.99 billion. research analysts anticipate that SAP will post 4.33 EPS for the current fiscal year.
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SAP 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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