SAP (NYSE:SAP) Given New $330.00 Price Target at JMP Securities

SAP (NYSE:SAP) had its price objective upped by equities researchers at JMP Securities from $300.00 to $330.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the software maker’s stock. JMP Securities’ target price would indicate a potential upside of 18.86% from the stock’s previous close.

A number of other research analysts also recently commented on the company. Barclays increased their target price on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets increased their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has a consensus rating of “Buy” and a consensus target price of $282.00.

SAP Price Performance

SAP traded up $3.86 on Wednesday, hitting $277.65. 507,652 shares of the company’s stock traded hands, compared to its average volume of 1,038,576. The company’s 50 day simple moving average is $251.29 and its 200-day simple moving average is $231.70. 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 has a one year low of $173.05 and a one year high of $279.14. The firm has a market cap of $341.09 billion, a price-to-earnings ratio of 111.20, a P/E/G ratio of 3.89 and a beta of 1.22.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. As a group, research analysts anticipate that SAP will post 4.64 EPS for the current year.

Hedge Funds Weigh In On SAP

A number of large investors have recently bought and sold shares of SAP. Foster Group Inc. increased its position in shares of SAP by 4.3% during the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after acquiring an additional 45 shares during the period. Wedmont Private Capital increased its holdings in SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after purchasing an additional 46 shares during the period. Confluence Investment Management LLC raised its position in SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock valued at $1,065,000 after purchasing an additional 49 shares in the last quarter. PDS Planning Inc lifted its holdings in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after buying an additional 51 shares during the period. Finally, Rosenberg Matthew Hamilton grew its position in shares of SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after buying an additional 52 shares in the last quarter.

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.