SAP (NYSE:SAP) Announces Quarterly Earnings Results, Beats Estimates By $0.12 EPS

SAP (NYSE:SAP - Get Free Report) announced its quarterly earnings results on Tuesday. The software maker reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.12, Zacks reports. SAP had a net margin of 9.17% and a return on equity of 12.18%.

SAP Stock Performance

SAP stock traded up $1.58 during trading on Tuesday, hitting $252.12. 2,468,331 shares of the company's stock traded hands, compared to its average volume of 1,342,949. The stock has a fifty day moving average price of $269.66 and a two-hundred day moving average price of $255.78. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP has a 52 week low of $179.15 and a 52 week high of $293.70. The stock has a market capitalization of $309.72 billion, a price-to-earnings ratio of 87.84, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This is a boost from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's dividend payout ratio (DPR) is 64.11%.

Analyst Ratings Changes

SAP has been the topic of several analyst reports. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and raised their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities lifted their price objective on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets cut their price target on SAP from $307.00 to $300.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $247.67.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SAP stock. Brighton Jones LLC lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 91.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,633 shares of the software maker's stock after purchasing an additional 1,255 shares during the quarter. Brighton Jones LLC's holdings in SAP were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

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.

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