SAP (NYSE:SAP) Price Target Raised to $283.00 at Barclays

SAP (NYSE:SAP) had its target price boosted by Barclays from $275.00 to $283.00 in a research report report published on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the software maker’s stock.

Other equities analysts have also issued research reports about the stock. JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has a consensus rating of “Buy” and an average price target of $264.50.

SAP Stock Performance

Shares of SAP opened at $276.41 on Thursday. The stock has a 50 day moving average of $249.60 and a 200 day moving average of $230.29. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP has a 12 month low of $172.32 and a 12 month high of $277.36. The company has a market capitalization of $339.56 billion, a price-to-earnings ratio of 110.56, a PEG ratio of 3.89 and a beta of 1.22.

Institutional Trading of SAP

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Godsey & Gibb Inc. bought a new position in SAP in the 3rd quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP during the fourth quarter valued at $27,000. Albion Financial Group UT grew its position in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares in the last quarter. Brooklyn Investment Group bought a new position in SAP in the 3rd quarter worth about $42,000. Finally, Financial Management Professionals Inc. raised its holdings in shares of SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares in the last quarter.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.