SAP (NYSE:SAP) Hits New 52-Week Low – Here’s What Happened

SAP SE (NYSE:SAP) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $233.22 and last traded at $232.4020, with a volume of 110647 shares traded. The stock had previously closed at $235.84.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SAP. BMO Capital Markets lowered their price objective on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Citigroup reissued a “buy” rating on shares of SAP in a research report on Thursday, December 11th. Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Thursday, October 23rd. Argus reiterated a “buy” rating and set a $320.00 target price on shares of SAP in a research note on Friday, October 24th. Finally, JMP Securities restated a “market outperform” rating and issued a $375.00 price target on shares of SAP in a research note on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, SAP has a consensus rating of “Buy” and a consensus target price of $284.33.

SAP Stock Performance

The company has a market cap of $293.47 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 2.94 and a beta of 1.18. The stock has a 50 day moving average price of $243.54 and a two-hundred day moving average price of $266.18. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last released its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating the consensus estimate of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The business had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the company posted $1.23 earnings per share. SAP’s revenue was up 7.2% compared to the same quarter last year. On average, research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. First PREMIER Bank bought a new stake in shares of SAP during the 3rd quarter valued at approximately $25,000. Retirement Wealth Solutions LLC grew its stake in shares of SAP by 246.4% during the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after buying an additional 69 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of SAP during the third quarter worth $27,000. Copia Wealth Management bought a new position in shares of SAP in the 3rd quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of SAP during the 2nd quarter valued at $31,000.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.