Royal Bank Of Canada Reiterates Neutral Rating for SAP SE (SAP)
Several other brokerages have also recently issued reports on SAP. Stifel Nicolaus reissued a sell rating and issued a $75.00 price objective on shares of SAP SE in a report on Thursday, October 12th. BMO Capital Markets reissued a hold rating and issued a $110.00 price objective on shares of SAP SE in a report on Friday, October 13th. Zacks Investment Research raised SAP SE from a sell rating to a hold rating in a report on Tuesday, September 19th. Goldman Sachs Group, Inc. (The) reissued a buy rating on shares of SAP SE in a report on Monday, June 26th. Finally, DZ Bank AG reissued a buy rating on shares of SAP SE in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $94.84.
SAP SE (SAP) opened at 113.40 on Monday. The company has a market capitalization of $135.96 billion, a P/E ratio of 32.88 and a beta of 1.10. The stock’s 50 day moving average price is $109.84 and its 200-day moving average price is $105.38. SAP SE has a one year low of $80.93 and a one year high of $113.64.
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SAP SE announced that its board has approved a stock buyback program on Thursday, July 20th that permits the company to buyback shares. This buyback authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.
Large investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its stake in SAP SE by 32.4% during the 2nd quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after buying an additional 234 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in SAP SE during the 2nd quarter worth approximately $132,000. IFP Advisors Inc increased its stake in SAP SE by 29.4% during the 2nd quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock worth $152,000 after buying an additional 331 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in SAP SE during the 2nd quarter worth approximately $157,000. Finally, Huntington National Bank increased its stake in SAP SE by 1.6% during the 2nd quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock worth $162,000 after buying an additional 24 shares in the last quarter. Institutional investors own 3.56% of the company’s stock.
About SAP SE
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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