SAP (NYSE:SAP) Earns Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of SAP (NYSE:SAP) in a research note issued to investors on Thursday, The Fly reports.

A number of other brokerages have also recently commented on SAP. DZ Bank restated a neutral rating on shares of SAP in a research note on Wednesday, June 16th. Oppenheimer boosted their price objective on SAP from $145.00 to $155.00 and gave the stock an outperform rating in a research note on Thursday, April 22nd. Barclays restated an overweight rating on shares of SAP in a research note on Tuesday, July 13th. Bank of America upgraded SAP from an underperform rating to a buy rating in a research note on Wednesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a buy rating on shares of SAP in a research report on Friday, April 23rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $130.20.

SAP stock traded up $0.65 during midday trading on Thursday, reaching $139.51. The stock had a trading volume of 16,761 shares, compared to its average volume of 520,309. SAP has a twelve month low of $104.64 and a twelve month high of $169.30. The stock has a market capitalization of $171.39 billion, a PE ratio of 26.20, a PEG ratio of 3.04 and a beta of 1.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a 50-day moving average price of $141.89.

SAP (NYSE:SAP) last issued its earnings results on Wednesday, July 21st. The software maker reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.72. The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.70 billion. SAP had a return on equity of 19.27% and a net margin of 19.87%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 earnings per share. Analysts predict that SAP will post 4.74 EPS for the current year.

A number of institutional investors have recently made changes to their positions in SAP. Eagle Global Advisors LLC grew its holdings in shares of SAP by 3.5% during the second quarter. Eagle Global Advisors LLC now owns 25,262 shares of the software maker’s stock valued at $3,548,000 after purchasing an additional 843 shares during the last quarter. Cardinal Capital Management grew its holdings in shares of SAP by 0.8% during the second quarter. Cardinal Capital Management now owns 24,414 shares of the software maker’s stock valued at $3,429,000 after purchasing an additional 201 shares during the last quarter. HM Payson & Co. grew its holdings in shares of SAP by 7.0% during the first quarter. HM Payson & Co. now owns 2,073 shares of the software maker’s stock valued at $255,000 after purchasing an additional 136 shares during the last quarter. Sierra Capital LLC bought a new position in shares of SAP during the first quarter valued at approximately $261,000. Finally, Advisor Partners LLC grew its holdings in shares of SAP by 14.0% during the first quarter. Advisor Partners LLC now owns 16,399 shares of the software maker’s stock valued at $2,014,000 after purchasing an additional 2,019 shares during the last quarter. 4.27% of the stock is owned by hedge funds and other institutional investors.

About SAP

SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.

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