SAP (NYSE:SAP) Reaches New 52-Week Low – Time to Sell?

SAP SE (NYSE:SAPGet Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $159.28 and last traded at $160.0870, with a volume of 988634 shares trading hands. The stock had previously closed at $167.27.

Trending Headlines about SAP

Here are the key news stories impacting SAP this week:

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAP. Citigroup lowered SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. BMO Capital Markets decreased their target price on SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. Citizens Jmp lowered shares of SAP from an “outperform” rating to a “market perform” rating in a research note on Friday, January 30th. Finally, Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

View Our Latest Analysis on SAP

SAP Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $195.98 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 1.91 and a beta of 1.11. The stock’s fifty day moving average price is $177.61 and its 200-day moving average price is $214.82.

SAP (NYSE:SAPGet Free Report) last announced its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The company had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. Equities research analysts predict that SAP SE will post 8.35 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be paid a $2.9291 dividend. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a yield of 170.0%. This is an increase from SAP’s previous annual dividend of $2.54. SAP’s dividend payout ratio (DPR) is currently 28.78%.

Hedge Funds Weigh In On SAP

Large investors have recently made changes to their positions in the business. Dara Capital US Inc. acquired a new stake in SAP during the fourth quarter valued at $3,342,000. Oppenheimer Asset Management Inc. increased its position in SAP by 15.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock worth $14,272,000 after purchasing an additional 7,066 shares during the last quarter. Seaview Investment Managers LLC raised its stake in shares of SAP by 191.4% during the 3rd quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock worth $3,138,000 after purchasing an additional 7,714 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of SAP during the 3rd quarter worth about $32,760,000. Finally, Cidel Asset Management Inc. lifted its holdings in shares of SAP by 9.7% during the 3rd quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock valued at $37,215,000 after buying an additional 12,268 shares during the last quarter.

SAP Company Profile

(Get Free Report)

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.

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