SAP (NYSE:SAP) Sets New 1-Year High – Should You Buy?

SAP SE (NYSE:SAP)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $240.81 and last traded at $240.81, with a volume of 5161 shares trading hands. The stock had previously closed at $237.69.

Analyst Ratings Changes

Several equities research analysts recently commented on SAP shares. TD Cowen raised their target price on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets raised their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. JMP Securities raised their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays raised their target price on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $252.33.

SAP Stock Up 0.8 %

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $297.55 billion, a price-to-earnings ratio of 96.88, a P/E/G ratio of 4.54 and a beta of 1.25. The stock has a 50 day moving average of $224.53 and a 200 day moving average of $205.91.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 EPS. As a group, analysts expect that SAP SE will post 4.9 earnings per share for the current fiscal year.

Institutional Trading of SAP

A number of institutional investors and hedge funds have recently modified their holdings of SAP. Westfield Capital Management Co. LP bought a new stake in shares of SAP during the 1st quarter valued at about $58,936,000. International Assets Investment Management LLC acquired a new position in SAP in the third quarter valued at approximately $40,573,000. Marshall Wace LLP bought a new position in shares of SAP during the second quarter valued at approximately $21,479,000. Hantz Financial Services Inc. acquired a new stake in shares of SAP during the 2nd quarter worth approximately $20,532,000. Finally, GQG Partners LLC bought a new stake in shares of SAP in the 1st quarter worth approximately $14,940,000.

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.