SAP (NYSE:SAP) Price Target Increased to $218.00 by Analysts at BMO Capital Markets

SAP (NYSE:SAP) had its price target lifted by BMO Capital Markets from $215.00 to $218.00 in a report issued on Friday, Marketbeat Ratings reports. They currently have a market perform rating on the software maker’s stock.

Several other brokerages have also weighed in on SAP. The Goldman Sachs Group upped their price objective on SAP from $185.00 to $207.00 and gave the company a buy rating in a report on Friday, January 26th. StockNews.com lowered SAP from a strong-buy rating to a buy rating in a report on Thursday, April 18th. JMP Securities upped their price objective on SAP from $204.00 to $220.00 and gave the company a market outperform rating in a report on Tuesday. Barclays cut their price objective on SAP from $212.00 to $210.00 and set an overweight rating for the company in a report on Wednesday. Finally, Jefferies Financial Group upgraded SAP from a hold rating to a buy rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, SAP has an average rating of Moderate Buy and an average target price of $206.20.

SAP Trading Up 0.6 %

Shares of SAP stock opened at $186.18 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. SAP has a 1 year low of $126.75 and a 1 year high of $199.29. The stock has a fifty day moving average of $187.96 and a two-hundred day moving average of $165.82.

SAP (NYSE:SAP) last announced its quarterly 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 business had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.98 billion. SAP had a return on equity of 9.79% and a net margin of 15.76%. Equities analysts forecast that SAP will post 4.58 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be given a $2.3852 dividend. This is a positive change from SAP’s previous annual dividend of $2.19. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio (DPR) is 34.92%.

Hedge Funds Weigh In On SAP

A number of hedge funds and other institutional investors have recently modified their holdings of SAP. CWM LLC boosted its position in shares of SAP by 11.1% in the 3rd quarter. CWM LLC now owns 1,855 shares of the software maker’s stock valued at $240,000 after purchasing an additional 186 shares during the period. AE Wealth Management LLC lifted its stake in SAP by 19.7% in the 3rd quarter. AE Wealth Management LLC now owns 6,307 shares of the software maker’s stock worth $816,000 after acquiring an additional 1,037 shares in the last quarter. IFP Advisors Inc lifted its stake in SAP by 98.4% in the 3rd quarter. IFP Advisors Inc now owns 1,117 shares of the software maker’s stock worth $144,000 after acquiring an additional 554 shares in the last quarter. UMB Bank n.a. lifted its stake in SAP by 132.1% in the 3rd quarter. UMB Bank n.a. now owns 2,521 shares of the software maker’s stock worth $326,000 after acquiring an additional 1,435 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in SAP by 13.7% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 3,607 shares of the software maker’s stock worth $466,000 after acquiring an additional 434 shares in the last quarter.

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.