SAP (NYSE:SAP) Price Target Raised to $286.00

SAP (NYSE:SAP) had its target price boosted by equities research analysts at Barclays from $283.00 to $286.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Barclays‘s target price would suggest a potential upside of 3.30% from the stock’s current price.

A number of other brokerages have also recently issued reports on SAP. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities lifted their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday. Finally, BMO Capital Markets lifted their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $291.00.

SAP Stock Performance

SAP stock opened at $276.87 on Thursday. SAP has a fifty-two week low of $173.05 and a fifty-two week high of $279.14. The firm’s fifty day moving average price is $251.29 and its 200-day moving average price is $231.70. The stock has a market cap of $340.13 billion, a P/E ratio of 110.75, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. On average, equities research analysts expect that SAP will post 4.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SAP. Allspring Global Investments Holdings LLC grew its position in shares of SAP by 127.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,155 shares of the software maker’s stock worth $13,166,000 after buying an additional 30,361 shares during the period. Certuity LLC increased its stake in shares of SAP by 13.6% during the fourth quarter. Certuity LLC now owns 1,820 shares of the software maker’s stock valued at $448,000 after purchasing an additional 218 shares in the last quarter. Portfolio Design Labs LLC bought a new stake in shares of SAP in the 4th quarter worth approximately $328,000. New Republic Capital LLC grew its stake in shares of SAP by 49.7% in the 4th quarter. New Republic Capital LLC now owns 1,714 shares of the software maker’s stock worth $422,000 after buying an additional 569 shares during the last quarter. Finally, Equitable Trust Co. increased its position in SAP by 1,859.9% during the 4th quarter. Equitable Trust Co. now owns 18,482 shares of the software maker’s stock valued at $4,550,000 after buying an additional 17,539 shares in 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.