SAP (NYSE:SAP) Earns Overweight Rating from Analysts at Piper Sandler

Piper Sandler began coverage on shares of SAP (NYSE:SAP) in a research note published on Tuesday. The firm issued an overweight rating on the software maker’s stock.

A number of other analysts have also recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Friday, October 31st. Barclays set a $283.00 target price on SAP in a research report on Monday. Hsbc Global Res upgraded shares of SAP to a “hold” rating in a research report on Tuesday, January 20th. Argus reaffirmed a “buy” rating and issued a $320.00 price objective on shares of SAP in a report on Friday, October 24th. Finally, Santander raised shares of SAP to a “neutral” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Stock Down 1.1%

SAP stock opened at $197.39 on Tuesday. The firm has a fifty day moving average price of $236.33 and a two-hundred day moving average price of $257.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 1.10. SAP has a 1-year low of $189.22 and a 1-year high of $313.28. The firm has a market cap of $242.50 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.18 and a beta of 1.17.

SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.52%. The business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the business posted $1.40 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts predict that SAP will post 6.55 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its position in SAP by 2.8% in the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock worth $3,887,727,000 after purchasing an additional 392,010 shares during the period. Bank of America Corp DE raised its position in SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after acquiring an additional 973,779 shares in the last quarter. Windacre Partnership LLC lifted its holdings in SAP by 130.9% in the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after acquiring an additional 1,336,325 shares during the last quarter. Northern Trust Corp lifted its holdings in SAP by 3.2% in the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after acquiring an additional 49,111 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of SAP by 2.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,408 shares of the software maker’s stock valued at $296,828,000 after purchasing an additional 30,806 shares in the last quarter.

SAP Company Profile

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.