SAP (NYSE:SAP) Sets New 12-Month Low – Should You Sell?

SAP SE (NYSE:SAP) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $171.30 and last traded at $170.4970, with a volume of 67339 shares changing hands. The stock had previously closed at $178.16.

Analysts Set New Price Targets

A number of research firms have commented on SAP. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of SAP in a report on Tuesday. Citizens Jmp downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Piper Sandler started coverage on shares of SAP in a research report on Tuesday, February 3rd. They set an “overweight” rating for the company. Finally, Arete Research raised SAP to a “strong-buy” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Stock Performance

The company has a fifty day moving average price of $206.46 and a two-hundred day moving average price of $238.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $208.64 billion, a P/E ratio of 24.14, a PEG ratio of 1.94 and a beta of 1.18.

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

Institutional Trading of SAP

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

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.