SAP SE (NYSE:SAP - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $240.81 and last traded at $240.81, with a volume of 5161 shares traded. The stock had previously closed at $237.69.
Analyst Ratings Changes
A number of brokerages have commented on SAP. Barclays increased their price target on SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. TD Cowen raised their target price on SAP from $234.00 to $240.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. BMO Capital Markets lifted their target price on SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Argus upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday, July 31st. Finally, JMP Securities lifted their price objective on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $252.33.
Get Our Latest Analysis on SAP
SAP Price Performance
The stock has a market capitalization of $295.25 billion, a P/E ratio of 95.08, a price-to-earnings-growth ratio of 4.54 and a beta of 1.25. The business's 50 day simple moving average is $223.61 and its two-hundred day simple moving average is $205.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share 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 the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 EPS. As a group, sell-side analysts forecast that SAP SE will post 4.9 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SAP. Modera Wealth Management LLC boosted its holdings in SAP by 1.4% during the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker's stock worth $754,000 after acquiring an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in SAP by 3.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker's stock worth $300,000 after purchasing an additional 51 shares during the last quarter. RFP Financial Group LLC grew its position in SAP by 17.5% in the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker's stock worth $70,000 after purchasing an additional 52 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in SAP by 5.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker's stock valued at $252,000 after buying an additional 52 shares during the last quarter. Finally, PFG Investments LLC lifted its position in shares of SAP by 2.6% during the 2nd quarter. PFG Investments LLC now owns 2,427 shares of the software maker's stock worth $490,000 after buying an additional 61 shares in the last quarter.
About SAP
(
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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.
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