SAP (NYSE:SAP) Given New $214.00 Price Target at TD Cowen

SAP (NYSE:SAP) had its price target upped by TD Cowen from $188.00 to $214.00 in a research note issued to investors on Tuesday, Benzinga reports. TD Cowen currently has a hold rating on the software maker’s stock.

SAP has been the topic of several other research reports. BMO Capital Markets lifted their target price on shares of SAP from $237.00 to $248.00 and gave the stock an outperform rating in a research note on Tuesday. Sanford C. Bernstein assumed coverage on shares of SAP in a research note on Thursday, May 23rd. They set an outperform rating and a $227.00 target price on the stock. JMP Securities lifted their target price on shares of SAP from $220.00 to $245.00 and gave the stock a market outperform rating in a research note on Tuesday. Barclays lowered their price target on shares of SAP from $212.00 to $210.00 and set an overweight rating on the stock in a research report on Wednesday, April 24th. Finally, StockNews.com lowered shares of SAP from a strong-buy rating to a buy rating in a report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $225.17.

SAP Price Performance

SAP stock traded down $4.67 during trading on Tuesday, reaching $210.09. The company had a trading volume of 1,030,343 shares, compared to its average volume of 774,746. The firm has a 50-day simple moving average of $195.41 and a 200-day simple moving average of $186.54. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. SAP has a twelve month low of $126.75 and a twelve month high of $214.94.

SAP (NYSE:SAP) last posted its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.87%. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same period in the previous year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts forecast that SAP will post 4.56 earnings per share for the current year.

Institutional Trading of SAP

Large investors have recently made changes to their positions in the company. Apollon Wealth Management LLC purchased a new stake in shares of SAP during the fourth quarter worth approximately $492,000. BNP Paribas Financial Markets increased its stake in shares of SAP by 21.1% during the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after buying an additional 4,596 shares during the period. Blue Trust Inc. boosted its holdings in SAP by 5.8% in the fourth quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after purchasing an additional 75 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in SAP in the first quarter valued at approximately $237,000. Finally, Henry James International Management Inc. boosted its holdings in shares of SAP by 18.9% in the first quarter. Henry James International Management Inc. now owns 48,895 shares of the software maker’s stock valued at $9,536,000 after acquiring an additional 7,765 shares during the period.

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.