SAP (NYSE:SAP) PT Lowered to €110.00

SAP (NYSE:SAPGet Rating) had its price target trimmed by Jefferies Financial Group from €120.00 ($126.32) to €110.00 ($115.79) in a report released on Monday morning, The Fly reports. The brokerage currently has a hold rating on the software maker’s stock. Jefferies Financial Group also issued estimates for SAP’s Q2 2022 earnings at $0.73 EPS, Q4 2022 earnings at $1.26 EPS, FY2023 earnings at $4.24 EPS and FY2024 earnings at $5.03 EPS.

Several other research analysts have also weighed in on SAP. JPMorgan Chase & Co. lowered their price target on SAP from €135.00 ($142.11) to €115.00 ($121.05) and set a neutral rating on the stock in a research report on Monday, April 25th. Credit Suisse Group cut their target price on SAP from €152.00 ($160.00) to €142.00 ($149.47) and set an outperform rating for the company in a research report on Monday, April 25th. TheStreet downgraded SAP from a b- rating to a c+ rating in a research report on Friday, April 22nd. Grupo Santander upgraded SAP from an underperform rating to a neutral rating and set a €104.00 ($109.47) target price for the company in a research report on Thursday, May 5th. Finally, BMO Capital Markets decreased their price target on SAP from $145.00 to $118.00 and set a market perform rating for the company in a research note on Monday, April 25th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $116.25.

SAP opened at $94.24 on Monday. The stock has a market capitalization of $115.77 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 4.37 and a beta of 1.14. SAP has a 1-year low of $89.91 and a 1-year high of $151.48. The business has a 50 day moving average of $98.64 and a 200-day moving average of $114.91. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.24.

SAP (NYSE:SAPGet Rating) last announced its earnings results on Friday, April 22nd. The software maker reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.20. The company had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.55 billion. SAP had a return on equity of 13.68% and a net margin of 17.46%. Equities analysts predict that SAP will post 3.65 EPS for the current year.

The company also recently declared an annual dividend, which was paid on Tuesday, May 31st. Stockholders of record on Friday, May 20th were paid a $2.66 dividend. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date was Thursday, May 19th. This represents a dividend yield of 1.9%. SAP’s dividend payout ratio is 41.67%.

Several hedge funds and other institutional investors have recently bought and sold shares of SAP. Yousif Capital Management LLC purchased a new stake in shares of SAP in the fourth quarter valued at about $2,680,000. BOKF NA grew its stake in SAP by 54.0% during the fourth quarter. BOKF NA now owns 19,427 shares of the software maker’s stock worth $2,722,000 after buying an additional 6,813 shares during the period. Becker Capital Management Inc. lifted its position in shares of SAP by 0.4% during the fourth quarter. Becker Capital Management Inc. now owns 181,615 shares of the software maker’s stock worth $25,446,000 after purchasing an additional 762 shares in the last quarter. Castleview Partners LLC bought a new position in shares of SAP during the fourth quarter worth about $204,000. Finally, Cedar Brook Financial Partners LLC lifted its holdings in SAP by 6.0% in the first quarter. Cedar Brook Financial Partners LLC now owns 2,442 shares of the software maker’s stock worth $271,000 after acquiring an additional 138 shares during the last quarter.

SAP Company Profile (Get Rating)

SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

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