SAP (NYSE:SAP) Given New $210.00 Price Target at Barclays

SAP (NYSE:SAP) had its target price cut by Barclays from $212.00 to $210.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have an overweight rating on the software maker’s stock.

A number of other analysts have also commented on the company. KeyCorp initiated coverage on SAP in a report on Thursday, March 21st. They issued an overweight rating on the stock. JMP Securities boosted their price target on SAP from $204.00 to $220.00 and gave the company a market outperform rating in a report on Tuesday. Jefferies Financial Group upgraded SAP from a hold rating to a buy rating in a report on Friday, February 2nd. The Goldman Sachs Group boosted their price target on SAP from $185.00 to $207.00 and gave the company a buy rating in a report on Friday, January 26th. Finally, StockNews.com lowered SAP from a strong-buy rating to a buy rating in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, SAP currently has a consensus rating of Moderate Buy and an average price target of $201.60.

SAP Stock Up 0.0 %

NYSE:SAP opened at $188.10 on Wednesday. SAP has a 1 year low of $126.75 and a 1 year high of $199.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a 50-day moving average price of $187.62 and a two-hundred day moving average price of $165.29.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.98 billion. SAP had a net margin of 15.76% and a return on equity of 9.81%. As a group, sell-side analysts expect that SAP will post 4.74 EPS for the current year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be given a dividend of $2.3852 per share. This represents a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from SAP’s previous annual dividend of $2.19. SAP’s payout ratio is 34.92%.

Hedge Funds Weigh In On SAP

A number of institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its position in SAP by 8.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,356 shares of the software maker’s stock worth $1,435,000 after buying an additional 596 shares during the last quarter. Verity & Verity LLC acquired a new position in SAP during the first quarter worth approximately $35,000. Simplicity Wealth LLC acquired a new position in SAP during the first quarter worth approximately $4,501,000. BSW Wealth Partners acquired a new position in SAP during the first quarter worth approximately $211,000. Finally, Community Financial Services Group LLC acquired a new position in SAP during the first quarter worth approximately $388,000.

SAP Company Profile

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.