SAP (NYSE:SAP) Shares Gap Down - What's Next?

Shares of SAP SE (NYSE:SAP - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $264.12, but opened at $257.74. SAP shares last traded at $256.73, with a volume of 185,902 shares traded.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of research analyst reports. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and upped their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets lifted 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. JMP Securities upped their price target 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. Finally, Barclays lifted their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $248.83.

SAP Price Performance

The business has a 50-day moving average of $274.09 and a 200 day moving average of $248.41. 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 firm has a market capitalization of $331.63 billion, a P/E ratio of 94.06, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

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

Institutional Investors Weigh In On SAP

Hedge funds have recently made changes to their positions in the business. Centricity Wealth Management LLC purchased a new stake in SAP in the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the fourth quarter worth about $27,000. Rakuten Securities Inc. increased 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 worth $28,000 after purchasing an additional 108 shares in the last quarter. Albion Financial Group UT raised its position in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after purchasing an additional 71 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of SAP during the 3rd quarter valued at approximately $42,000.

SAP Company Profile

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.