SAP (NYSE:SAP) Hits New 52-Week Low – What’s Next?

SAP SE (NYSE:SAP)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $157.11 and last traded at $155.9850, with a volume of 148177 shares changing hands. The stock had previously closed at $158.79.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SAP shares. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Barclays upped their price objective on shares of SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, April 27th. JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. BMO Capital Markets cut their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Finally, TD Cowen restated a “buy” rating on shares of SAP in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $283.40.

SAP Trading Down 2.4%

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The firm has a market cap of $190.41 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.85 and a beta of 1.12. The company’s 50-day moving average price is $173.46 and its 200-day moving average price is $200.69.

SAP (NYSE:SAP) last posted its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The firm had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. Equities analysts expect that SAP SE will post 8.37 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were paid a $2.9291 dividend. This is an increase from SAP’s previous annual dividend of $2.54. This represents a dividend yield of 170.0%. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s payout ratio is 28.92%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC raised its holdings 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 acquiring an additional 58 shares during the period. Bayban purchased a new stake in SAP during the fourth quarter worth approximately $28,000. Community Bank N.A. purchased a new stake in SAP during the third quarter worth approximately $32,000. Kozak & Associates Inc. purchased a new stake in SAP in the third quarter valued at approximately $37,000. Finally, GoalVest Advisory LLC purchased a new stake in SAP in the fourth quarter valued at approximately $35,000.

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.