SAP (NYSE:SAP) Receives “Neutral” Rating from JPMorgan Chase & Co.

SAP (NYSE:SAP)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports.

Several other equities analysts have also weighed in on the stock. Arete Research upgraded shares of SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Piper Sandler started coverage on shares of SAP in a research report on Tuesday, February 3rd. They issued an “overweight” rating on the stock. HSBC upgraded shares of SAP to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings downgraded shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. Finally, Citizens Jmp cut shares of SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $305.75.

SAP Stock Performance

Shares of SAP stock opened at $178.30 on Tuesday. The business’s fifty day simple moving average is $206.46 and its 200 day simple moving average is $238.04. The firm has a market capitalization of $219.04 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. SAP has a 12 month low of $174.50 and a 12 month high of $313.28. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The firm had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the prior year, the company earned $1.40 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts anticipate that SAP will post 6.55 EPS for the current year.

Institutional Investors Weigh In On SAP

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares during the period. Baird Financial Group Inc. bought a new stake in shares of SAP in the first quarter valued at approximately $242,000. AQR Capital Management LLC raised its position in shares of SAP by 49.0% in the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after purchasing an additional 5,363 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of SAP during the 1st quarter valued at approximately $2,681,000. Finally, Sivia Capital Partners LLC lifted its stake in shares of SAP by 2.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after buying an additional 69 shares in the last quarter.

About SAP

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.