SAP (NYSE:SAP) Downgraded by BMO Capital Markets

BMO Capital Markets lowered shares of SAP (NYSE:SAP) from a strong-buy rating to a hold rating in a research note published on Tuesday, Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen lifted their target price on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. JMP Securities boosted their target price on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. Finally, Barclays increased their price target on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $232.17.

SAP Stock Up 0.7 %

Shares of NYSE SAP opened at $230.46 on Tuesday. The firm has a market cap of $283.12 billion, a price-to-earnings ratio of 49.99, a price-to-earnings-growth ratio of 4.46 and a beta of 1.25. The company’s 50-day simple moving average is $221.38 and its 200-day simple moving average is $203.35. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP has a 52-week low of $130.08 and a 52-week high of $232.23.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS 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 analyst estimates of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. SAP’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. Equities analysts predict that SAP will post 4.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in shares of SAP in the 1st quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in SAP in the first quarter valued at about $25,000. POM Investment Strategies LLC boosted its stake in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after buying an additional 116 shares during the period. Crewe Advisors LLC increased its position in shares of SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of SAP in the 1st quarter worth approximately $29,000.

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.