SAP SE’s (SAP) Hold Rating Reaffirmed at RBC Capital Markets
SAP has been the subject of several other research reports. DZ Bank AG reissued a buy rating on shares of SAP SE in a research report on Wednesday, September 14th. Oppenheimer Holdings Inc. reissued a buy rating on shares of SAP SE in a research report on Thursday, June 30th. Barclays PLC reissued an overweight rating and issued a $105.00 price target on shares of SAP SE in a research report on Tuesday, August 30th. Deutsche Bank AG reissued a buy rating on shares of SAP SE in a research report on Tuesday, September 27th. Finally, Morgan Stanley reissued a buy rating on shares of SAP SE in a research report on Monday, July 18th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. SAP SE presently has an average rating of Buy and an average target price of $84.42.
SAP SE (NYSE:SAP) traded down 0.37% during trading on Friday, hitting $91.07. 142,029 shares of the company’s stock traded hands. The company has a market cap of $109.12 billion, a PE ratio of 27.27 and a beta of 1.43. SAP SE has a 52-week low of $66.23 and a 52-week high of $92.76. The company’s 50 day moving average price is $88.92 and its 200 day moving average price is $82.02.
SAP SE (NYSE:SAP) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. SAP SE had a net margin of 16.76% and a return on equity of 16.92%. Analysts expect that SAP SE will post $4.37 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of SAP SE by 915.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 63,419 shares of the company’s stock worth $4,758,000 after buying an additional 57,172 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in SAP SE during the second quarter worth $435,000. Wolverine Asset Management LLC bought a new position in SAP SE during the second quarter worth $1,740,000. Lincluden Management Ltd. raised its position in SAP SE by 6.9% in the second quarter. Lincluden Management Ltd. now owns 92,838 shares of the company’s stock worth $6,965,000 after buying an additional 6,005 shares during the last quarter. Finally, Howe & Rusling Inc. raised its position in SAP SE by 0.5% in the second quarter. Howe & Rusling Inc. now owns 1,544 shares of the company’s stock worth $116,000 after buying an additional 7 shares during the last quarter. Institutional investors and hedge funds own 3.51% of the company’s stock.
SAP SE Company Profile
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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