SAP (NYSE:SAP) Price Target Cut to $210.00 by Analysts at Barclays

SAP (NYSE:SAP) had its price target reduced by Barclays from $212.00 to $210.00 in a research note released on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the software maker’s stock.

A number of other brokerages have also recently issued reports on SAP. KeyCorp assumed coverage on SAP in a report on Thursday, March 21st. They issued an overweight rating on the stock. Jefferies Financial Group upgraded SAP from a hold rating to a buy rating in a report on Friday, February 2nd. JMP Securities lifted their target price on SAP from $204.00 to $220.00 and gave the stock a market outperform rating in a report on Tuesday. StockNews.com downgraded SAP from a strong-buy rating to a buy rating in a report on Thursday, April 18th. Finally, BMO Capital Markets lifted their price target on SAP from $147.00 to $195.00 and gave the company a market perform rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $206.20.

SAP Stock Up 0.6 %

Shares of SAP stock opened at $186.18 on Wednesday. SAP has a 1 year low of $126.75 and a 1 year high of $199.29. The stock has a market cap of $219.61 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 3.60 and a beta of 1.25. The business’s fifty day moving average is $187.96 and its 200-day moving average is $165.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. SAP had a return on equity of 9.81% and a net margin of 15.76%. Equities analysts expect that SAP will post 4.69 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be paid a dividend of $2.3852 per share. This represents a yield of 0.9%. This is a positive change from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend is Thursday, May 16th. SAP’s payout ratio is currently 37.31%.

Hedge Funds Weigh In On SAP

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAP. Northwest Investment Counselors LLC bought a new position in SAP during the first quarter valued at about $25,000. Column Capital Advisors LLC increased its stake in SAP by 121.0% during the third quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock valued at $29,000 after acquiring an additional 121 shares during the period. Sunbelt Securities Inc. bought a new position in SAP during the first quarter valued at about $29,000. Wetzel Investment Advisors Inc. bought a new position in SAP during the fourth quarter valued at about $31,000. Finally, Adirondack Trust Co. grew its stake in shares of SAP by 121.1% in the 4th quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock valued at $31,000 after purchasing an additional 109 shares during the period.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.