SAP SE (NYSE:SAP) Given Consensus Recommendation of "Buy" by Analysts

SAP SE (NYSE:SAP - Get Free Report) has received an average recommendation of "Buy" from the eight research firms that are covering the firm, MarketBeat reports. Eight analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is $248.83.

Several equities research analysts have issued reports on SAP shares. TD Cowen raised SAP from a "hold" rating to a "buy" rating and lifted their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. 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 report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Finally, BMO Capital Markets raised their target price on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th.

SAP Price Performance

Shares of SAP stock traded up $0.56 during trading on Tuesday, hitting $259.05. The stock had a trading volume of 1,627,681 shares, compared to its average volume of 972,150. The firm has a market cap of $318.25 billion, a price-to-earnings ratio of 90.26, a P/E/G ratio of 4.71 and a beta of 1.28. SAP has a 12 month low of $175.08 and a 12 month high of $293.70. The business's 50-day moving average is $272.86 and its 200 day moving average is $254.21. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts anticipate that SAP will post 6.55 earnings per share for the current year.

SAP Increases Dividend

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

Institutional Trading of SAP

A number of hedge funds have recently made changes to their positions in the stock. Perkins Coie Trust Co bought a new position in SAP in the 1st quarter worth about $54,000. Intergy Private Wealth LLC bought a new position in SAP in the 1st quarter valued at approximately $221,000. Gateway Investment Advisers LLC boosted its stake in SAP by 5.3% during the 1st quarter. Gateway Investment Advisers LLC now owns 1,331 shares of the software maker's stock valued at $357,000 after purchasing an additional 67 shares during the last quarter. First Affirmative Financial Network increased its holdings in shares of SAP by 1.5% in the 1st quarter. First Affirmative Financial Network now owns 6,977 shares of the software maker's stock worth $1,873,000 after purchasing an additional 101 shares in the last quarter. Finally, Foster Group Inc. raised its stake in shares of SAP by 47.1% in the first quarter. Foster Group Inc. now owns 1,602 shares of the software maker's stock worth $430,000 after purchasing an additional 513 shares during the last quarter.

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.