SAP (NYSE:SAP) Sets New 1-Year High – Still a Buy?

SAP SE (NYSE:SAP)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $260.73 and last traded at $260.37, with a volume of 40718 shares. The stock had previously closed at $253.50.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JMP Securities raised their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. TD Cowen raised their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Barclays increased their price target on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Stock Performance

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $321.61 billion, a PE ratio of 104.72, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. The firm has a 50-day moving average price of $244.74 and a 200 day moving average price of $227.23.

SAP (NYSE:SAP) last posted 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 business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. Research analysts expect that SAP SE will post 4.66 earnings per share for the current year.

Institutional Investors Weigh In On SAP

A number of hedge funds have recently bought and sold shares of SAP. Atomi Financial Group Inc. increased its stake in shares of SAP by 38.9% during the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after buying an additional 3,495 shares during the period. Davies Financial Advisors Inc. acquired a new position in SAP during the 4th quarter worth approximately $336,000. Mitchell & Pahl Private Wealth LLC increased its position in shares of SAP by 3.4% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 5,139 shares of the software maker’s stock valued at $1,265,000 after purchasing an additional 168 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of SAP by 12.7% during the 4th quarter. Ballentine Partners LLC now owns 7,216 shares of the software maker’s stock worth $1,777,000 after purchasing an additional 813 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its stake in shares of SAP by 7.7% during the fourth quarter. Pure Financial Advisors LLC now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 78 shares in the last quarter.

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.