SAP (NYSE:SAP) Sets New 12-Month Low – Here’s What Happened

SAP SE (NYSE:SAP)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $221.71 and last traded at $224.9460, with a volume of 3153885 shares changing hands. The stock had previously closed at $226.92.

Analysts Set New Price Targets

SAP has been the subject of a number of research reports. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research report on Friday, October 31st. JMP Securities reaffirmed a “market outperform” rating and set a $375.00 price target on shares of SAP in a research note on Thursday, October 23rd. Arete Research upgraded shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. Barclays increased their target price on shares of SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Finally, Citigroup reiterated a “buy” rating on shares of SAP in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, SAP has a consensus rating of “Buy” and a consensus target price of $280.20.

SAP Trading Down 0.9%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.11. The firm has a fifty day moving average price of $241.70 and a 200 day moving average price of $263.91. The company has a market cap of $278.77 billion, a price-to-earnings ratio of 33.67, a P/E/G ratio of 2.76 and a beta of 1.18.

SAP (NYSE:SAP) last posted its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.17. The firm had revenue of $10.65 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 earnings per share. As a group, equities analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Hedge Funds Weigh In On SAP

A number of hedge funds and other institutional investors have recently bought and sold shares of SAP. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SAP by 59.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,046 shares of the software maker’s stock worth $10,353,000 after purchasing an additional 12,637 shares during the last quarter. Cidel Asset Management Inc. grew its position in shares of SAP by 20.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 127,005 shares of the software maker’s stock valued at $38,622,000 after buying an additional 21,372 shares during the last quarter. JARISLOWSKY FRASER Ltd increased its stake in shares of SAP by 14.2% in the third quarter. JARISLOWSKY FRASER Ltd now owns 165,093 shares of the software maker’s stock valued at $44,114,000 after buying an additional 20,512 shares during the period. US Bancorp DE raised its position in shares of SAP by 12.4% during the second quarter. US Bancorp DE now owns 151,738 shares of the software maker’s stock worth $46,144,000 after acquiring an additional 16,726 shares during the last quarter. Finally, Journey Advisory Group LLC bought a new position in shares of SAP during the second quarter worth about $936,000.

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.