SAP SE’s (SAP) “Buy” Rating Reiterated at DZ Bank AG
Other equities research analysts also recently issued reports about the company. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of SAP SE in a research report on Monday, June 26th. Morgan Stanley restated a buy rating on shares of SAP SE in a research report on Monday, October 16th. Berenberg Bank assumed coverage on SAP SE in a research report on Wednesday, August 23rd. They set a buy rating on the stock. BidaskClub cut SAP SE from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Finally, Zacks Investment Research upgraded SAP SE from a sell rating to a hold rating in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. SAP SE presently has an average rating of Buy and an average price target of $95.29.
SAP SE (NYSE:SAP) traded down 1.21% during trading on Thursday, reaching $112.03. The company had a trading volume of 776,087 shares. The firm has a market capitalization of $134.31 billion, a P/E ratio of 32.48 and a beta of 1.10. SAP SE has a 52 week low of $80.93 and a 52 week high of $113.64. The stock has a 50 day moving average price of $110.04 and a 200 day moving average price of $105.48.
SAP SE (NYSE:SAP) last announced its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.68 billion. SAP SE had a return on equity of 15.55% and a net margin of 15.80%. SAP SE’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts predict that SAP SE will post $4.89 earnings per share for the current year.
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SAP SE declared that its Board of Directors has authorized a share buyback plan on Thursday, July 20th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
A number of institutional investors have recently modified their holdings of SAP. Harbour Capital Advisors LLC lifted its stake in SAP SE by 10,198.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 478,865 shares of the software maker’s stock valued at $4,575,000 after buying an additional 474,215 shares in the last quarter. FMR LLC lifted its stake in SAP SE by 6,475.0% in the 2nd quarter. FMR LLC now owns 396,409 shares of the software maker’s stock valued at $41,493,000 after buying an additional 390,380 shares in the last quarter. Fisher Asset Management LLC lifted its stake in SAP SE by 3.8% in the 2nd quarter. Fisher Asset Management LLC now owns 6,462,281 shares of the software maker’s stock valued at $676,407,000 after buying an additional 238,908 shares in the last quarter. Sustainable Growth Advisers LP lifted its stake in SAP SE by 8.9% in the 2nd quarter. Sustainable Growth Advisers LP now owns 2,567,035 shares of the software maker’s stock valued at $268,691,000 after buying an additional 210,664 shares in the last quarter. Finally, Harding Loevner LP lifted its stake in SAP SE by 3.3% in the 2nd quarter. Harding Loevner LP now owns 5,712,345 shares of the software maker’s stock valued at $597,911,000 after buying an additional 180,613 shares in the last quarter. 3.56% of the stock is currently owned by hedge funds and other institutional investors.
SAP SE Company Profile
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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