SAP (NYSE:SAP) Hits New 52-Week High – Time to Buy?

SAP SE (NYSE:SAP)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $284.97 and last traded at $285.77, with a volume of 75528 shares traded. The stock had previously closed at $280.74.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Stock Performance

The firm has a market cap of $357.57 billion, a price-to-earnings ratio of 101.41, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. The firm’s 50 day moving average is $260.76 and its 200-day moving average is $237.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

Large investors have recently added to or reduced their stakes in the stock. Holocene Advisors LP acquired a new stake in shares of SAP in the third quarter worth $10,869,000. Atomi Financial Group Inc. raised its holdings in SAP by 38.9% in the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after acquiring an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC lifted its position in SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after acquiring an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after acquiring an additional 7,667 shares during the period. Finally, Benjamin Edwards Inc. grew its position in shares of SAP by 1,496.4% in the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after purchasing an additional 8,380 shares during 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.