SAP SE (NYSE:SAP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of SAP SE (NYSE:SAP) have earned an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $283.40.

A number of research firms have recently weighed in on SAP. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday, May 14th. Piper Sandler downgraded SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. BMO Capital Markets reduced their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $265.00 target price on shares of SAP in a research report on Wednesday, June 10th.

Hedge Funds Weigh In On SAP

Several institutional investors have recently bought and sold shares of the stock. Miller Global Investments LLC boosted its stake in shares of SAP by 121.2% during the 2nd quarter. Miller Global Investments LLC now owns 4,067 shares of the software maker’s stock worth $627,000 after acquiring an additional 2,228 shares in the last quarter. Eastern Bank boosted its position in SAP by 109.6% during the second quarter. Eastern Bank now owns 765 shares of the software maker’s stock worth $118,000 after purchasing an additional 400 shares during the period. Parallel Advisors LLC boosted its position in SAP by 21.5% during the first quarter. Parallel Advisors LLC now owns 7,101 shares of the software maker’s stock worth $1,216,000 after purchasing an additional 1,256 shares during the period. NewEdge Advisors LLC grew its holdings in SAP by 10.4% during the first quarter. NewEdge Advisors LLC now owns 213,482 shares of the software maker’s stock valued at $36,550,000 after purchasing an additional 20,024 shares during the last quarter. Finally, Henshaw Capital LLC raised its position in shares of SAP by 78.7% in the first quarter. Henshaw Capital LLC now owns 5,162 shares of the software maker’s stock valued at $884,000 after purchasing an additional 2,274 shares during the period.

SAP Trading Up 3.5%

NYSE SAP opened at $159.47 on Thursday. SAP has a 1-year low of $148.06 and a 1-year high of $313.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $195.91 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.76 and a beta of 1.14. The firm’s fifty day simple moving average is $169.96 and its 200-day simple moving average is $194.33.

SAP (NYSE:SAP) last released its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The firm had revenue of $11.06 billion during the quarter. As a group, sell-side analysts anticipate that SAP will post 8.33 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a $2.9291 dividend. This is a boost from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. The ex-dividend date was Tuesday, May 5th. SAP’s dividend payout ratio is currently 28.92%.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on?premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in?memory database and platform.