SAP (NYSE:SAP) Hits New 1-Year High – Time to Buy?

SAP SE (NYSE:SAP) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $240.81 and last traded at $240.81, with a volume of 5161 shares changing hands. The stock had previously closed at $237.69.

Wall Street Analyst Weigh In

A number of brokerages have commented on SAP. Argus upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Barclays lifted their price objective on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets upped their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen increased their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Trading Up 1.2 %

The company has a fifty day moving average price of $223.61 and a 200-day moving average price of $205.09. The firm has a market capitalization of $295.52 billion, a price-to-earnings ratio of 95.08, a price-to-earnings-growth ratio of 4.54 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. On average, equities research analysts predict that SAP SE will post 4.9 EPS for the current year.

Hedge Funds Weigh In On SAP

Several large investors have recently made changes to their positions in the business. Godsey & Gibb Inc. bought a new position in SAP in the 3rd quarter worth approximately $25,000. LRI Investments LLC bought a new position in SAP during the first quarter worth $25,000. POM Investment Strategies LLC raised its stake in SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC boosted its holdings in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 127 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in shares of SAP during the 1st quarter worth about $29,000.

About SAP

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.