SAP SE (NYSE:SAP) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of SAP SE (NYSE:SAP) have received a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $305.75.

Several brokerages recently weighed in on SAP. Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Citigroup lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Barclays set a $283.00 target price on shares of SAP in a report on Monday, February 2nd. Finally, HSBC upgraded SAP to a “hold” rating in a research report on Tuesday, January 20th.

SAP Price Performance

SAP stock opened at $178.30 on Tuesday. The business’s 50 day simple moving average is $206.46 and its 200 day simple moving average is $238.04. SAP has a 12 month low of $174.50 and a 12 month high of $313.28. The company has a market cap of $219.04 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.94 and a beta of 1.18. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP) last issued its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The firm had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the company posted $1.40 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts forecast that SAP will post 6.55 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. raised its holdings in shares of SAP by 15.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock valued at $14,272,000 after acquiring an additional 7,066 shares in the last quarter. Seaview Investment Managers LLC grew its holdings in shares of SAP by 191.4% during the third quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock worth $3,138,000 after purchasing an additional 7,714 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of SAP in the third quarter worth approximately $32,760,000. Cidel Asset Management Inc. raised its stake in SAP by 9.7% in the third quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock valued at $37,215,000 after purchasing an additional 12,268 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in SAP by 2.3% during the third quarter. Natixis Advisors LLC now owns 415,087 shares of the software maker’s stock valued at $110,915,000 after purchasing an additional 9,195 shares during the last quarter.

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.