SAP (NYSE:SAP) Price Target Raised to $252.00

SAP (NYSE:SAP) had its price objective boosted by equities researchers at Barclays from $251.00 to $252.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Barclays‘s target price would suggest a potential upside of 10.02% from the company’s current price.

SAP has been the topic of a number of other reports. BMO Capital Markets boosted their price target on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. JMP Securities boosted their price target on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, TD Cowen boosted their price target on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and an average target price of $232.17.

SAP Stock Up 0.5 %

SAP stock traded up $1.04 during midday trading on Monday, hitting $229.04. 105,732 shares of the stock were exchanged, compared to its average volume of 781,016. SAP has a 1 year low of $127.30 and a 1 year high of $231.13. The firm has a market cap of $281.38 billion, a P/E ratio of 49.68, a P/E/G ratio of 4.44 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The company has a 50 day moving average price of $215.51 and a two-hundred day moving average price of $199.96.

SAP (NYSE:SAP) last released its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, sell-side analysts predict that SAP will post 4.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAP. Eagle Asset Management Inc. grew its position in SAP by 6.4% during the fourth quarter. Eagle Asset Management Inc. now owns 5,877 shares of the software maker’s stock valued at $909,000 after purchasing an additional 354 shares in the last quarter. KBC Group NV boosted its holdings in shares of SAP by 19.2% during the 4th quarter. KBC Group NV now owns 2,025 shares of the software maker’s stock worth $313,000 after buying an additional 326 shares during the period. Lake Street Advisors Group LLC bought a new stake in shares of SAP during the 4th quarter worth $1,061,000. Capital International Investors boosted its holdings in shares of SAP by 8.1% during the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after buying an additional 746,386 shares during the period. Finally, Capital World Investors boosted its holdings in shares of SAP by 1.2% during the 4th quarter. Capital World Investors now owns 21,190 shares of the software maker’s stock worth $3,270,000 after buying an additional 250 shares during the period.

SAP Company Profile

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.