BMO Capital Markets Issues Positive Forecast for SAP (NYSE:SAP) Stock Price

SAP (NYSE:SAP) had its price objective upped by BMO Capital Markets from $320.00 to $330.00 in a research note issued to investors on Friday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the software maker’s stock.

A number of other equities research analysts have also issued reports on SAP. JMP Securities boosted their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Barclays restated an “overweight” rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Wells Fargo & Company initiated coverage on shares of SAP in a report on Tuesday. They set an “overweight” rating on the stock. Finally, Argus restated a “buy” rating and set a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $271.83.

SAP Stock Down 1.7%

SAP stock opened at $294.89 on Friday. SAP has a 12 month low of $179.43 and a 12 month high of $303.40. The firm has a market cap of $362.27 billion, a PE ratio of 102.75, a P/E/G ratio of 4.71 and a beta of 1.35. The firm has a 50 day simple moving average of $275.53 and a 200 day simple moving average of $265.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last released its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. Equities research analysts forecast that SAP will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were paid a $2.5423 dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 13th. This is a positive change from SAP’s previous annual dividend of $2.39. SAP’s dividend payout ratio is currently 35.25%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC increased its stake in shares of SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after purchasing an additional 11,057 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SAP by 152.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after purchasing an additional 249,824 shares during the period. D.A. Davidson & CO. boosted its holdings in SAP by 98.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker’s stock valued at $633,000 after purchasing an additional 1,279 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of SAP by 164.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker’s stock worth $660,000 after acquiring an additional 1,667 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of SAP by 89.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 5,511 shares of the software maker’s stock worth $1,357,000 after acquiring an additional 2,601 shares during the period.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.