SAP (SAP) Lifted to “Hold” at Zacks Investment Research

SAP (NYSE:SAP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “SAP’s resilient Cloud and Software business, an enviable business network spread and dominance over critical client demand areas continue to act as staple growth drivers. The company has recorded spectacular growth in S/4HANA and other Cloud initiatives, which in turn, has provided a boost to financials. Solid adoption of the company’s human capital management applications, led by SuccessFactors Employee Central, is a key catalyst. However, dull prospects of the global IT industry in recent quarters, along with flat customer spending projections, have affected the company’s performances. In addition, many of the company’s emerging markets have faced fiscal imbalances besides general economic slowdowns, which have adversely affected consumers’ purchasing power. Also, currency fluctuations, particularly the Americas region reamins a headwind. SAP’s shares have underperformed the industry over the past one year.”

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SAP has been the topic of several other research reports. Citigroup reissued a “buy” rating on shares of SAP in a research note on Wednesday, January 10th. Stifel Nicolaus reissued a “sell” rating and set a $74.00 price target (down previously from $80.00) on shares of SAP in a research note on Thursday, March 1st. Royal Bank of Canada reissued a “neutral” rating on shares of SAP in a research note on Tuesday, March 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $122.00 price target (down previously from $133.00) on shares of SAP in a research note on Monday, February 12th. Finally, DZ Bank reaffirmed a “buy” rating on shares of SAP in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $104.00.

Shares of NYSE:SAP traded up $2.47 during trading on Monday, hitting $107.83. 499,389 shares of the stock were exchanged, compared to its average volume of 1,108,987. The firm has a market capitalization of $129,435.19, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 2.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.17 and a quick ratio of 1.17. SAP has a 12-month low of $96.04 and a 12-month high of $116.90.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 30th. The software maker reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.33. The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.99 billion. SAP had a return on equity of 17.33% and a net margin of 17.38%. equities analysts anticipate that SAP will post 4.33 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in SAP by 6.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 351,622 shares of the software maker’s stock valued at $39,509,000 after buying an additional 19,794 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA raised its holdings in SAP by 52.7% in the 4th quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 2,825 shares of the software maker’s stock valued at $317,000 after acquiring an additional 975 shares during the last quarter. We Are One Seven LLC acquired a new position in SAP in the 4th quarter valued at $114,000. Banco de Sabadell S.A acquired a new position in SAP in the 4th quarter valued at $1,231,000. Finally, Glenmede Trust Co. NA raised its holdings in SAP by 10.1% in the 4th quarter. Glenmede Trust Co. NA now owns 11,317 shares of the software maker’s stock valued at $1,270,000 after acquiring an additional 1,040 shares during the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

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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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