SAP (NYSE:SAP)‘s stock had its “$121.96” rating reiterated by analysts at Royal Bank of Canada in a report issued on Wednesday.
SAP has been the subject of several other research reports. ValuEngine raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Tuesday, May 1st. DZ Bank reissued a “buy” rating on shares of SAP in a research note on Wednesday, June 27th. Zacks Investment Research downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Jefferies Financial Group began coverage on shares of SAP in a research note on Friday, June 1st. They issued a “buy” rating and a $140.00 target price for the company. Finally, Oppenheimer boosted their target price on shares of SAP from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $114.30.
SAP opened at $117.41 on Wednesday, MarketBeat reports. The firm has a market cap of $149.44 billion, a PE ratio of 27.37, a PEG ratio of 3.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.32 and a quick ratio of 1.32. SAP has a 52-week low of $99.20 and a 52-week high of $122.74.
SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, July 19th. The software maker reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $5.90 billion. SAP had a return on equity of 18.33% and a net margin of 18.00%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 EPS. analysts expect that SAP will post 4.59 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Ballentine Partners LLC raised its stake in SAP by 10.5% in the 2nd quarter. Ballentine Partners LLC now owns 4,805 shares of the software maker’s stock valued at $556,000 after purchasing an additional 456 shares during the last quarter. Daniel Devine & Co raised its stake in SAP by 9.6% in the 2nd quarter. Daniel Devine & Co now owns 11,375 shares of the software maker’s stock valued at $1,316,000 after purchasing an additional 1,000 shares during the last quarter. Cambiar Investors LLC raised its stake in SAP by 0.5% in the 2nd quarter. Cambiar Investors LLC now owns 1,431,160 shares of the software maker’s stock valued at $165,528,000 after purchasing an additional 7,503 shares during the last quarter. ELCO Management Co. LLC purchased a new stake in SAP in the 2nd quarter valued at about $220,000. Finally, Smithfield Trust Co. grew its holdings in SAP by 47.5% in the 2nd quarter. Smithfield Trust Co. now owns 2,659 shares of the software maker’s stock valued at $307,000 after buying an additional 856 shares during the period. 10.75% of the stock is owned by hedge funds and other institutional investors.
SAP Company Profile
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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