SAP (NYSE:SAP) Hits New 52-Week Low – What’s Next?

SAP SE (NYSE:SAP) hit a new 52-week low during trading on Thursday . The stock traded as low as $157.11 and last traded at $155.9850, with a volume of 148177 shares. The stock had previously closed at $158.79.

Analysts Set New Price Targets

Several brokerages recently commented on SAP. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. The Goldman Sachs Group reissued a “buy” rating and set a $265.00 price objective on shares of SAP in a research report on Wednesday, June 10th. BMO Capital Markets cut their price objective on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Barclays increased their price objective on shares of SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average price target of $283.40.

SAP Stock Down 2.4%

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The firm has a market cap of $190.41 billion, a P/E ratio of 20.97, a PEG ratio of 1.85 and a beta of 1.12. The company’s 50 day simple moving average is $173.46 and its 200-day simple moving average is $200.69.

SAP (NYSE:SAP) last posted its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The business had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. Research analysts forecast that SAP SE will post 8.37 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were paid a $2.9291 dividend. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date was Tuesday, May 5th. This represents a dividend yield of 170.0%. SAP’s dividend payout ratio (DPR) is currently 28.92%.

Hedge Funds Weigh In On SAP

Several institutional investors have recently made changes to their positions in SAP. Sound Income Strategies LLC lifted its stake in shares of SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after purchasing an additional 58 shares during the period. Bayban bought a new position in shares of SAP during the 4th quarter valued at approximately $28,000. Community Bank N.A. bought a new stake in SAP during the 3rd quarter worth approximately $32,000. Front Row Advisors LLC raised its stake in SAP by 362.5% during the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock worth $32,000 after acquiring an additional 145 shares during the period. Finally, GoalVest Advisory LLC bought a new stake in SAP during the 4th quarter worth approximately $35,000.

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.