SAP (NYSE:SAP) Sees Strong Trading Volume – Time to Buy?

SAP SE (NYSE:SAP) shares saw unusually-strong trading volume on Friday . Approximately 1,327,102 shares were traded during trading, an increase of 53% from the previous session’s volume of 864,580 shares.The stock last traded at $274.02 and had previously closed at $279.34.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $248.83.

SAP Price Performance

The company has a market cap of $339.60 billion, a price-to-earnings ratio of 96.32, a P/E/G ratio of 4.71 and a beta of 1.25. The company has a 50 day moving average price of $272.04 and a 200-day moving average price of $246.32. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, equities research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Institutional Investors Weigh In On SAP

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after buying an additional 1,866,468 shares in the last quarter. Fisher Asset Management LLC grew its stake in SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after acquiring an additional 403,956 shares during the period. TD Asset Management Inc. raised its position in shares of SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after purchasing an additional 890,157 shares during the period. Northern Trust Corp lifted its holdings in shares of SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock worth $362,371,000 after purchasing an additional 701,880 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after purchasing an additional 798,037 shares during the period.

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.