SAP SE (NYSE:SAP) Receives $252.33 Average PT from Analysts

SAP SE (NYSE:SAP - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $252.33.

A number of equities research analysts have recently weighed in on the company. JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 22nd. Barclays boosted their target price on shares of SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. BMO Capital Markets raised their price target on shares of SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Finally, TD Cowen boosted their price objective on shares of SAP from $234.00 to $240.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd.

Hedge Funds Weigh In On SAP

A number of institutional investors have recently modified their holdings of the stock. Holocene Advisors LP purchased a new position in shares of SAP during the 3rd quarter valued at approximately $10,869,000. Benjamin Edwards Inc. grew its position in SAP by 1,496.4% during the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker's stock valued at $2,048,000 after buying an additional 8,380 shares during the period. Creative Planning increased its holdings in SAP by 18.0% in the third quarter. Creative Planning now owns 95,434 shares of the software maker's stock valued at $21,864,000 after buying an additional 14,546 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker's stock worth $37,648,000 after acquiring an additional 142,270 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in shares of SAP during the 3rd quarter valued at about $3,780,000.

SAP Stock Down 1.3 %

NYSE:SAP traded down $3.36 during midday trading on Friday, reaching $250.15. 1,384,299 shares of the stock traded hands, compared to its average volume of 812,421. The stock has a market capitalization of $307.31 billion, a PE ratio of 100.06, a price-to-earnings-growth ratio of 4.94 and a beta of 1.23. SAP has a 12-month low of $148.38 and a 12-month high of $256.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50-day moving average of $241.00 and a two-hundred day moving average of $222.32.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion for the quarter, compared to analysts' expectations of $9.25 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts forecast that SAP will post 4.8 earnings per share for the current fiscal year.

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.