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

Shares of SAP SE (NYSE:SAP) have been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $305.75.

A number of research analysts have commented on SAP shares. HSBC upgraded shares of SAP to a “hold” rating in a research report on Tuesday, January 20th. Piper Sandler initiated coverage on shares of SAP in a research note on Tuesday, February 3rd. They issued an “overweight” rating for the company. Arete Research raised shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. Citizens Jmp cut shares of SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Finally, BMO Capital Markets restated an “outperform” rating on shares of SAP in a research report on Friday, January 30th.

SAP Stock Up 1.4%

Shares of NYSE:SAP opened at $178.30 on Tuesday. The firm has a fifty day moving average of $206.46 and a 200 day moving average of $238.04. SAP has a 52-week low of $174.50 and a 52-week high of $313.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $219.04 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

SAP (NYSE:SAP) last posted its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. The firm had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $9.77 billion. SAP had a return on equity of 16.54% and a net margin of 19.92%.The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 EPS. As a group, research analysts anticipate that SAP will post 6.55 EPS for the current fiscal year.

Hedge Funds Weigh In On SAP

A number of large investors have recently bought and sold shares of the stock. First PREMIER Bank purchased a new stake in shares of SAP during the third quarter valued at approximately $25,000. Retirement Wealth Solutions LLC raised its holdings in SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after buying an additional 69 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in SAP during the 3rd quarter valued at $27,000. Copia Wealth Management bought a new stake in SAP in the 3rd quarter worth $28,000. Finally, Sound Income Strategies LLC grew its holdings in SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after acquiring an additional 58 shares during the last quarter.

SAP Company Profile

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.