SAP (NYSE:SAP) PT Raised to $252.00

SAP (NYSE:SAP) had its price objective raised by Barclays from $251.00 to $252.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

A number of other equities research analysts have also weighed in on SAP. BMO Capital Markets lifted their price objective on SAP from $237.00 to $248.00 and gave the company an outperform rating in a report on Tuesday, July 23rd. JMP Securities upped their price objective on SAP from $220.00 to $245.00 and gave the stock a market outperform rating in a report on Tuesday, July 23rd. TD Cowen raised their target price on SAP from $188.00 to $214.00 and gave the company a hold rating in a report on Tuesday, July 23rd. Finally, Argus raised SAP from a hold rating to a buy rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, SAP presently has an average rating of Moderate Buy and an average target price of $232.17.

SAP Stock Performance

Shares of SAP opened at $220.46 on Monday. The company’s 50 day simple moving average is $216.80 and its 200-day simple moving average is $200.80. The firm has a market cap of $270.84 billion, a PE ratio of 47.82, a price-to-earnings-growth ratio of 4.38 and a beta of 1.25. SAP has a 12-month low of $127.30 and a 12-month high of $231.13. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same period in the previous year, the business posted $0.71 earnings per share. SAP’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities analysts predict that SAP will post 4.78 EPS for the current year.

Institutional Investors Weigh In On SAP

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LRI Investments LLC purchased a new position in shares of SAP during the 1st quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of SAP in the 1st quarter worth approximately $25,000. POM Investment Strategies LLC lifted its position in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after buying an additional 116 shares during the last quarter. Crewe Advisors LLC boosted its holdings in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in SAP during the 1st quarter valued at approximately $29,000.

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.