SAP (NYSE:SAP) Hits New 52-Week Low – Time to Sell?

SAP SE (NYSE:SAP)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $171.30 and last traded at $170.4970, with a volume of 67339 shares traded. The stock had previously closed at $178.16.

Wall Street Analysts Forecast Growth

SAP has been the topic of several recent analyst reports. Santander upgraded SAP to a “neutral” rating in a report on Tuesday, February 3rd. Weiss Ratings cut SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. Citizens Jmp downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Arete Research upgraded shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. Finally, HSBC raised shares of SAP to a “hold” rating in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average target price of $305.75.

SAP Stock Performance

The stock has a fifty day moving average of $203.54 and a 200-day moving average of $236.87. The firm has a market capitalization of $207.59 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.88 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP) last released its earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The firm had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the previous year, the business posted $1.40 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Institutional Trading of SAP

A number of institutional investors have recently made changes to their positions in SAP. First PREMIER Bank acquired a new stake in SAP in the 3rd quarter valued at $25,000. Retirement Wealth Solutions LLC lifted its position in SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after buying an additional 69 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after buying an additional 58 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of SAP in the 3rd quarter valued at about $27,000. Finally, Copia Wealth Management bought a new position in shares of SAP in the 3rd quarter valued at about $28,000.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.