SAP (NYSE:SAP) Sets New 12-Month High - Time to Buy?

SAP SE (NYSE:SAP - Get Free Report) hit a new 52-week high on Wednesday . The company 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 analysts recently issued reports on the company. Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. BMO Capital Markets boosted 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. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday. JMP Securities boosted their price objective on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a report on Tuesday, October 22nd. Finally, TD Cowen lifted their price target on shares of SAP from $234.00 to $240.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $252.33.

SAP Stock Up 3.2 %

The stock has a market capitalization of $321.45 billion, a P/E ratio of 104.66, a P/E/G ratio of 4.94 and a beta of 1.22. The stock's 50-day moving average price is $244.13 and its two-hundred day moving average price is $226.99. 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 (NYSE:SAP - Get Free Report) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate 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 period last year, the company posted $1.20 EPS. As a group, research analysts expect that SAP SE will post 4.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SAP

Hedge funds and other institutional investors have recently modified their holdings of the stock. Godsey & Gibb Inc. bought a new position in shares of SAP during the 3rd quarter valued at $25,000. Brooklyn Investment Group bought a new position in shares of SAP in the third quarter worth about $42,000. Financial Management Professionals Inc. grew its holdings in SAP by 104.0% during the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker's stock valued at $50,000 after buying an additional 103 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in SAP in the 3rd quarter valued at $47,000. Finally, Versant Capital Management Inc purchased a new stake in shares of SAP in the fourth quarter worth about $54,000.

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.