Societe Generale Reiterates “Buy” Rating for SAP (NYSE:SAP)

SAP (NYSE:SAP)‘s stock had its “buy” rating reiterated by equities research analysts at Societe Generale in a research note issued to investors on Thursday, The Fly reports.

Several other research firms have also weighed in on SAP. JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a report on Thursday. UBS Group reissued a “neutral” rating on shares of SAP in a research report on Thursday. BMO Capital Markets boosted their price objective on shares of SAP from $140.00 to $150.00 and gave the company a “market perform” rating in a research report on Friday, April 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of SAP in a research note on Friday, April 23rd. Finally, CIBC boosted their target price on shares of SAP from $43.00 to $45.00 and gave the company an “outperformer” rating in a research note on Friday, June 4th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $130.20.

Shares of SAP traded up $0.65 during mid-day trading on Thursday, reaching $139.51. 16,761 shares of the company’s stock were exchanged, compared to its average volume of 520,309. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s 50-day simple moving average is $141.89. SAP has a 52-week low of $104.64 and a 52-week high of $169.30. The company has a market cap of $171.39 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 3.04 and a beta of 1.06.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its holdings in shares of SAP by 3.2% during the 1st quarter. Fisher Asset Management LLC now owns 8,592,341 shares of the software maker’s stock worth $1,055,054,000 after buying an additional 262,949 shares during the period. Vulcan Value Partners LLC bought a new stake in shares of SAP during the 1st quarter worth $552,001,000. Capital International Investors boosted its holdings in SAP by 7.3% in the 1st quarter. Capital International Investors now owns 2,233,179 shares of the software maker’s stock valued at $272,936,000 after purchasing an additional 151,877 shares during the period. Windacre Partnership LLC boosted its holdings in SAP by 9.7% in the 1st quarter. Windacre Partnership LLC now owns 1,993,900 shares of the software maker’s stock valued at $244,831,000 after purchasing an additional 176,300 shares during the period. Finally, Northern Trust Corp boosted its holdings in SAP by 15.4% in the 1st quarter. Northern Trust Corp now owns 1,625,989 shares of the software maker’s stock valued at $199,655,000 after purchasing an additional 217,526 shares during the period. 4.27% of the stock is owned by institutional investors and hedge funds.

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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