SAP (NYSE:SAP) Sets New 52-Week High - What's Next?

Shares of SAP SE (NYSE:SAP - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $284.97 and last traded at $285.77, with a volume of 75528 shares traded. The stock had previously closed at $280.74.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SAP shares. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and raised their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Barclays raised their price target on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has a consensus rating of "Buy" and an average target price of $248.83.

SAP Price Performance

The business has a fifty day moving average of $262.25 and a two-hundred day moving average of $238.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market capitalization of $356.86 billion, a price-to-earnings ratio of 101.21, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Godsey & Gibb Inc. acquired a new position in shares of SAP in the third quarter valued at approximately $25,000. Centricity Wealth Management LLC acquired a new position in SAP in the 4th quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP in the fourth quarter valued at about $27,000. Rakuten Securities Inc. grew its stake in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after acquiring an additional 108 shares in the last quarter. Finally, Albion Financial Group UT increased its position in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after acquiring an additional 71 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.