SAP SE (NYSE:SAP) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of SAP SE (NYSE:SAP) have been assigned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $258.83.

Several equities research analysts recently commented on the company. Argus set a $265.00 price objective on SAP in a report on Thursday, September 10th. Barclays upped their target price on shares of SAP from $243.00 to $288.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Weiss Ratings downgraded shares of SAP from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research note on Thursday, October 22nd. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of SAP in a report on Wednesday, August 12th.

SAP Stock Performance

Shares of SAP opened at $230.42 on Wednesday. The business’s fifty day simple moving average is $218.46 and its two-hundred day simple moving average is $192.33. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18. SAP has a 12 month low of $144.97 and a 12 month high of $264.10. The company has a market cap of $283.07 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 2.82 and a beta of 1.11.

Institutional Investors Weigh In On SAP

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of SAP by 15.9% in the first quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock worth $345,567,000 after acquiring an additional 276,263 shares during the period. Tidal Investments LLC lifted its holdings in SAP by 18.5% in the second quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock valued at $187,138,000 after acquiring an additional 189,591 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in SAP in the first quarter valued at about $150,701,000. Ruane Cunniff & Goldfarb L.P. boosted its position in SAP by 1,532.8% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock worth $128,392,000 after purchasing an additional 703,982 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in SAP by 48.2% in the first quarter. Principal Financial Group Inc. now owns 550,531 shares of the software maker’s stock worth $94,257,000 after purchasing an additional 179,040 shares during the last quarter.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.