SAP (NYSE:SAP) Price Target Raised to $252.00

SAP (NYSE:SAP) had its target price raised by Barclays from $251.00 to $252.00 in a report released on Monday, Benzinga reports. They currently have an overweight rating on the software maker’s stock.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets raised their price target on SAP from $237.00 to $248.00 and gave the stock an outperform rating in a research report on Tuesday, July 23rd. TD Cowen boosted their target price on shares of SAP from $188.00 to $214.00 and gave the company a hold rating in a research note on Tuesday, July 23rd. Argus upgraded shares of SAP from a hold rating to a buy rating in a report on Wednesday, July 31st. Finally, JMP Securities lifted their price target on shares of SAP from $220.00 to $245.00 and gave the stock a market outperform rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $232.17.

SAP Trading Down 0.5 %

Shares of SAP stock opened at $224.58 on Monday. SAP has a fifty-two week low of $127.30 and a fifty-two week high of $231.13. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $216.61 and a 200-day simple moving average of $200.66. The stock has a market cap of $275.90 billion, a P/E ratio of 48.72, a P/E/G ratio of 4.38 and a beta of 1.25.

SAP (NYSE:SAP) last announced its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, analysts forecast that SAP will post 4.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SAP. Capital International Investors increased its position in SAP by 8.1% during the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after purchasing an additional 746,386 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of SAP by 2.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after buying an additional 26,031 shares during the period. Raymond James & Associates boosted its holdings in SAP by 3.7% in the second quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock valued at $127,473,000 after acquiring an additional 22,438 shares during the last quarter. Principal Financial Group Inc. grew its position in SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after acquiring an additional 108,729 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in SAP during the first quarter worth about $58,936,000.

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.