SAP SE (NYSE:SAP) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of SAP SE (NYSE:SAP) have been given an average recommendation of “Moderate Buy” by the twenty-two research firms that are currently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $255.6667.

SAP has been the subject of a number of analyst reports. TD Cowen reissued a “buy” rating on shares of SAP in a report on Friday, July 24th. Barclays reduced their target price on shares of SAP from $255.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Jefferies Financial Group lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. UBS Group downgraded shares of SAP from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research report on Friday, August 21st.

Institutional Trading of SAP

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bayban purchased a new stake in shares of SAP in the 4th quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in SAP by 758.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after purchasing an additional 129 shares during the last quarter. Front Row Advisors LLC increased its holdings in SAP by 362.5% in the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock valued at $32,000 after purchasing an additional 145 shares during the last quarter. MidFirst Bank purchased a new stake in SAP in the fourth quarter valued at approximately $46,000. Finally, SHP Wealth Management purchased a new stake in SAP in the fourth quarter valued at approximately $47,000.

SAP Stock Performance

Shares of SAP stock opened at $209.24 on Tuesday. SAP has a one year low of $144.97 and a one year high of $281.36. The company has a market cap of $257.05 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.49 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50 day moving average price is $197.83 and its 200 day moving average price is $181.36.

SAP (NYSE:SAP) last issued its earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a net margin of 20.88% and a return on equity of 17.07%. The company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.30 billion. During the same quarter in the previous year, the company earned $1.50 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts predict that SAP will post 8.17 EPS for the current year.

About SAP

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. The company develops technology that helps organizations manage core business operations, including finance, procurement, supply chain, manufacturing, human resources, sales and customer relationships.

SAP’s portfolio is centered on its cloud-based enterprise resource planning platform, SAP S/4HANA, along with the SAP Business Technology Platform. Its products and services also include SAP SuccessFactors for human resources, SAP Ariba for business-to-business procurement, SAP Concur for travel and expense management, and solutions for customer experience, data management, analytics and artificial intelligence.

SAP was founded in 1972 by five former IBM employees and has grown into a global provider of business software.