SAP (NYSE:SAP) Hits New 1-Year High – Time to Buy?

SAP SE (NYSE:SAP) shares reached a new 52-week high on Tuesday . The stock traded as high as $243.44 and last traded at $243.41, with a volume of 84655 shares trading hands. The stock had previously closed at $241.59.

Analyst Ratings Changes

A number of brokerages have recently commented on SAP. TD Cowen upped their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Barclays lifted their price objective on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Trading Up 1.2 %

The business has a 50 day simple moving average of $231.55 and a 200-day simple moving average of $213.91. The stock has a market capitalization of $300.39 billion, a price-to-earnings ratio of 96.65, a PEG ratio of 4.56 and a beta of 1.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter last year, the business posted $1.20 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts expect that SAP SE will post 4.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Godsey & Gibb Inc. bought a new position in shares of SAP during the 3rd quarter worth approximately $25,000. POM Investment Strategies LLC lifted its position in SAP by 892.3% during 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 in the last quarter. Crewe Advisors LLC boosted its stake in shares of SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares during the last quarter. Atticus Wealth Management LLC acquired a new position in SAP during the second quarter valued at approximately $40,000. Finally, Brooklyn Investment Group acquired a new position in shares of SAP during the 3rd quarter worth approximately $42,000.

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.