SAP SE (NYSE:SAP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of SAP SE (NYSE:SAP) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $252.33.

Several equities research analysts recently commented on the stock. TD Cowen boosted their price target on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets increased their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. JMP Securities boosted their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning lifted its position in shares of SAP by 18.0% during the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after purchasing an additional 14,546 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after buying an additional 142,270 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in shares of SAP during the 3rd quarter worth about $3,780,000. Dash Acquisitions Inc. increased its holdings in shares of SAP by 2.8% in the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock valued at $19,039,000 after acquiring an additional 2,175 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of SAP by 9.1% in the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after acquiring an additional 240 shares during the last quarter.

SAP Price Performance

NYSE:SAP opened at $243.82 on Wednesday. The firm has a market cap of $299.53 billion, a price-to-earnings ratio of 97.53, a PEG ratio of 4.64 and a beta of 1.23. SAP has a one year low of $148.38 and a one year high of $245.02. The firm’s fifty day moving average is $232.03 and its two-hundred day moving average is $214.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 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 analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 EPS. Research analysts expect that SAP will post 4.89 EPS for the current year.

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.