SAP (NYSE:SAP) Price Target Increased to $245.00 by Analysts at JMP Securities

SAP (NYSE:SAP) had its price target lifted by research analysts at JMP Securities from $220.00 to $245.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “market outperform” rating on the software maker’s stock. JMP Securities’ price target points to a potential upside of 15.47% from the company’s current price.

SAP has been the topic of a number of other reports. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. BMO Capital Markets upgraded shares of SAP from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $218.00 to $237.00 in a research report on Friday, June 28th. Sanford C. Bernstein began coverage on shares of SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price on the stock. Finally, Barclays reduced their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $227.40.

SAP Stock Performance

Shares of NYSE:SAP traded up $11.71 on Tuesday, hitting $212.18. 270,913 shares of the company were exchanged, compared to its average volume of 756,325. The company’s 50 day moving average price is $194.91 and its two-hundred day moving average price is $186.08. SAP has a one year low of $126.75 and a one year high of $212.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a net margin of 15.76% and a return on equity of 9.79%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’s revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts forecast that SAP will post 4.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAP. Capital International Investors boosted its holdings in shares of SAP by 8.1% in the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after buying an additional 746,386 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of SAP in the first quarter valued at approximately $58,936,000. Verity & Verity LLC acquired a new position in shares of SAP in the first quarter valued at approximately $35,000. International Assets Investment Management LLC acquired a new position in SAP during the fourth quarter worth $17,255,000. Finally, Principal Financial Group Inc. boosted its holdings in SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after purchasing an additional 108,729 shares during the last quarter.

About SAP

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.