SAP SE (NYSE:SAP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of SAP SE (NYSE:SAP) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $264.8333.

Several equities analysts have weighed in on the company. Barclays dropped their price objective on SAP from $255.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Jefferies Financial Group downgraded shares of SAP from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Weiss Ratings raised shares of SAP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of SAP in a research note on Wednesday, August 12th.

SAP Stock Performance

Shares of SAP stock opened at $216.99 on Friday. The company has a market cap of $266.57 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 2.54 and a beta of 1.12. SAP has a 52 week low of $144.97 and a 52 week high of $281.36. The business has a 50 day moving average price of $173.12 and a 200-day moving average price of $179.48. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.19.

SAP (NYSE:SAP) last announced its earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a net margin of 20.88% and a return on equity of 17.07%. The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.30 billion. During the same period in the previous year, the firm earned $1.50 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts anticipate that SAP will post 8.13 earnings per share for the current fiscal year.

Institutional Trading of SAP

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC grew its stake in SAP by 91.1% in the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after purchasing an additional 1,255 shares during the period. Baird Financial Group Inc. bought a new stake in shares of SAP during the 1st quarter worth $242,000. AQR Capital Management LLC boosted its holdings in shares of SAP by 49.0% in the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after buying an additional 5,363 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in SAP during the first quarter valued at about $2,681,000. Finally, Sivia Capital Partners LLC grew its position in SAP by 2.3% during the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after buying an additional 69 shares during the period.

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.