SAP (NYSE:SAP) Hits New 12-Month High - Should You Buy?

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and upped their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. BMO Capital Markets increased their price objective on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $248.83.

SAP Price Performance

The firm's 50-day moving average price is $261.52 and its 200-day moving average price is $237.74. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $357.47 billion, a PE ratio of 101.35, a PEG ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. On average, equities analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Institutional Trading of SAP

Several hedge funds have recently made changes to their positions in SAP. FMR LLC raised its position in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. WCM Investment Management LLC purchased a new stake in SAP in the 4th quarter worth about $290,023,000. TD Asset Management Inc. raised its position in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after purchasing an additional 890,157 shares during the period. JPMorgan Chase & Co. raised its position in SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in SAP in the 4th quarter worth about $163,630,000.

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.