SAP SE (SAP) Rating Reiterated by HSBC
SAP SE (NYSE:SAP)‘s stock had its “buy” rating restated by equities researchers at HSBC in a research note issued on Tuesday.
SAP has been the subject of several other research reports. Jefferies Group reiterated a “hold” rating on shares of SAP SE in a research report on Thursday, August 4th. Zacks Investment Research upgraded shares of SAP SE from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Citigroup Inc. reiterated a “buy” rating on shares of SAP SE in a research report on Thursday, July 21st. Credit Suisse Group AG reiterated a “buy” rating and set a $90.00 target price (up previously from $85.00) on shares of SAP SE in a research report on Wednesday, June 29th. Finally, RBC Capital Markets reiterated a “hold” rating and set a $95.00 target price on shares of SAP SE in a research report on Friday, September 30th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $84.42.
Shares of SAP SE (NYSE:SAP) traded up 0.47% during mid-day trading on Tuesday, hitting $91.00. The company had a trading volume of 321,927 shares. The firm’s 50-day moving average price is $89.09 and its 200 day moving average price is $82.21. The company has a market capitalization of $109.04 billion, a P/E ratio of 27.25 and a beta of 1.43. SAP SE has a one year low of $66.67 and a one year high of $92.76.
SAP SE (NYSE:SAP) last issued its earnings results on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating 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 predict that SAP SE will post $4.37 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of SAP. Envestnet Asset Management Inc. boosted its stake in shares of SAP SE by 6.2% in the first quarter. Envestnet Asset Management Inc. now owns 296,485 shares of the company’s stock worth $23,843,000 after buying an additional 17,193 shares during the last quarter. Renaissance Technologies LLC bought a new position in SAP SE during the first quarter valued at $13,663,000. Mariner Wealth Advisors LLC boosted its position in SAP SE by 134.3% in the first quarter. Mariner Wealth Advisors LLC now owns 7,121 shares of the company’s stock valued at $573,000 after buying an additional 4,082 shares in the last quarter. Forester Capital Management LTD boosted its position in SAP SE by 44.9% in the first quarter. Forester Capital Management LTD now owns 3,870 shares of the company’s stock valued at $279,000 after buying an additional 1,200 shares in the last quarter. Finally, Glovista Investments LLC bought a new position in SAP SE during the first quarter valued at $447,000. 3.51% of the stock is currently owned by institutional investors.
About SAP SE
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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