SAP SE (NYSE:SAP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

SAP SE (NYSE:SAP) has been given a consensus recommendation of “Moderate Buy” by the nineteen analysts that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $288.00.

Several equities analysts have recently commented on the stock. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. Piper Sandler cut shares of SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Zacks Research cut shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th.

Hedge Funds Weigh In On SAP

A number of institutional investors have recently added to or reduced their stakes in SAP. Brighton Jones LLC increased its position in SAP by 91.1% during the 4th 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 in the last quarter. Baird Financial Group Inc. acquired a new position in SAP during the 1st quarter worth approximately $242,000. AQR Capital Management LLC increased its position in SAP by 49.0% during the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after purchasing an additional 5,363 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in SAP during the 1st quarter worth approximately $2,681,000. Finally, Sivia Capital Partners LLC increased its position in SAP by 2.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after purchasing an additional 69 shares in the last quarter.

SAP Price Performance

Shares of NYSE:SAP opened at $184.89 on Friday. The firm has a 50 day moving average of $173.63 and a 200-day moving average of $204.83. The stock has a market capitalization of $227.14 billion, a PE ratio of 24.99, a PEG ratio of 2.06 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. SAP has a 12 month low of $158.58 and a 12 month high of $313.28.

SAP (NYSE:SAP) last issued its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The company had revenue of $11.06 billion during the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. On average, equities research analysts predict that SAP will post 8.39 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a dividend of $2.9291 per share. The ex-dividend date was Tuesday, May 5th. This represents a yield of 170.0%. This is a positive change from SAP’s previous annual dividend of $2.54. SAP’s dividend payout ratio is currently 28.92%.

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.