SAP (NYSE:SAP) Given New $330.00 Price Target at JMP Securities

SAP (NYSE:SAP) had its price target increased by stock analysts at JMP Securities from $300.00 to $330.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the software maker’s stock. JMP Securities’ price objective suggests a potential upside of 18.08% from the company’s previous close.

Several other brokerages also recently issued reports on SAP. Barclays upped their price target on shares of SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Stock Performance

NYSE SAP opened at $279.47 on Wednesday. The firm has a market cap of $343.33 billion, a price-to-earnings ratio of 111.79, a PEG ratio of 3.89 and a beta of 1.22. 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 1-year low of $173.05 and a 1-year high of $280.53. The company has a 50 day moving average of $252.13 and a 200-day moving average of $232.02.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. On average, equities analysts forecast that SAP will post 4.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of SAP by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 45,770 shares of the software maker’s stock valued at $9,232,000 after acquiring an additional 1,158 shares during the period. Xponance Inc. raised its holdings in SAP by 20.8% in the second quarter. Xponance Inc. now owns 1,273 shares of the software maker’s stock worth $257,000 after purchasing an additional 219 shares during the period. AQR Capital Management LLC boosted its position in shares of SAP by 55.6% during the second quarter. AQR Capital Management LLC now owns 4,423 shares of the software maker’s stock worth $892,000 after purchasing an additional 1,580 shares in the last quarter. Ascent Group LLC grew its holdings in shares of SAP by 9.1% in the 2nd quarter. Ascent Group LLC now owns 1,284 shares of the software maker’s stock valued at $259,000 after buying an additional 107 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in SAP by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,869 shares of the software maker’s stock worth $2,192,000 after buying an additional 287 shares during the period.

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.