SAP SE’s (SAP) “Buy” Rating Reaffirmed at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. reissued their buy rating on shares of SAP SE (NYSE:SAP) in a report released on Tuesday. Oppenheimer Holdings, Inc. currently has a $120.00 price target on the software maker’s stock.
SAP has been the topic of several other reports. Royal Bank Of Canada raised their price objective on SAP SE from $102.00 to $106.00 and gave the company a sector perform rating in a report on Tuesday, July 18th. 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 started coverage on SAP SE in a report on Friday, October 20th. They issued a market perform rating and a $115.00 price objective on the stock. They noted that the move was a valuation call. Berenberg Bank started coverage on SAP SE in a report on Wednesday, August 23rd. They issued a buy rating on the stock. Finally, Morgan Stanley reissued a buy rating on shares of SAP SE in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $106.91.
Shares of SAP SE (NYSE:SAP) traded up $0.71 on Tuesday, reaching $113.08. The company’s stock had a trading volume of 435,400 shares, compared to its average volume of 720,195. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 1.18. SAP SE has a one year low of $80.93 and a one year high of $116.90. The firm has a market capitalization of $138,102.73, a price-to-earnings ratio of 31.30, a P/E/G ratio of 3.24 and a beta of 1.14.
SAP SE (NYSE:SAP) last issued its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. SAP SE had a return on equity of 15.43% and a net margin of 15.80%. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.68 billion. SAP SE’s revenue was up 4.0% on a year-over-year basis. analysts anticipate that SAP SE will post 4.13 earnings per share for the current fiscal year.
SAP SE declared that its Board of Directors has approved a share buyback program on Thursday, July 20th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.
A number of institutional investors have recently made changes to their positions in SAP. Harding Loevner LP lifted its position in SAP SE by 4,590.3% during the third quarter. Harding Loevner LP now owns 267,928,144 shares of the software maker’s stock worth $402,798,000 after buying an additional 262,215,799 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in SAP SE by 10,198.2% during the second quarter. Harbour Capital Advisors LLC now owns 478,865 shares of the software maker’s stock worth $4,575,000 after buying an additional 474,215 shares in the last quarter. FMR LLC lifted its position in SAP SE by 6,475.0% during the second quarter. FMR LLC now owns 396,409 shares of the software maker’s stock worth $41,493,000 after buying an additional 390,380 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in SAP SE during the third quarter worth approximately $33,601,000. Finally, Sustainable Growth Advisers LP lifted its position in SAP SE by 8.9% during the second quarter. Sustainable Growth Advisers LP now owns 2,567,035 shares of the software maker’s stock worth $268,691,000 after buying an additional 210,664 shares in the last quarter. Hedge funds and other institutional investors own 3.63% of the company’s stock.
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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