SAP (NYSE:SAP) Rating Increased to Buy at Argus

SAP (NYSE:SAP) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, FinViz reports.

Other analysts also recently issued reports about the company. Barclays decreased their price target on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. BMO Capital Markets boosted their target price on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Sanford C. Bernstein assumed coverage on SAP in a research note on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price objective for the company. JMP Securities boosted their target price on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, SAP has an average rating of “Moderate Buy” and a consensus price target of $225.17.

SAP Stock Up 1.6 %

SAP stock traded up $3.29 during trading on Wednesday, reaching $210.05. 49,484 shares of the company were exchanged, compared to its average volume of 779,151. SAP has a 52-week low of $126.75 and a 52-week high of $214.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50 day simple moving average is $197.09 and its two-hundred day simple moving average is $188.47.

SAP (NYSE:SAP) last posted its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts anticipate that SAP will post 4.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its stake in shares of SAP by 18.6% during the 4th quarter. Global Retirement Partners LLC now owns 630 shares of the software maker’s stock worth $99,000 after purchasing an additional 99 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of SAP by 135.1% during the 4th quarter. AdvisorNet Financial Inc now owns 522 shares of the software maker’s stock worth $81,000 after purchasing an additional 300 shares during the period. Claro Advisors LLC purchased a new position in shares of SAP in the 4th quarter worth $223,000. UMB Bank n.a. raised its position in shares of SAP by 9.6% in the 4th quarter. UMB Bank n.a. now owns 2,763 shares of the software maker’s stock worth $427,000 after buying an additional 242 shares during the period. Finally, Trust Point Inc. purchased a new position in shares of SAP in the 4th quarter worth $227,000.

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.