SAP (NYSE:SAP) Sets New 1-Year High – Should You Buy?

SAP SE (NYSE:SAP)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $240.81 and last traded at $240.81, with a volume of 5161 shares. The stock had previously closed at $237.69.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SAP shares. BMO Capital Markets lifted their price objective 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. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays raised their target price on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen boosted their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and an average price target of $252.33.

SAP Stock Performance

The stock has a market cap of $297.55 billion, a price-to-earnings ratio of 96.88, a PEG ratio of 4.54 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The company’s 50 day simple moving average is $224.53 and its 200 day simple moving average is $205.91.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 EPS. On average, equities research analysts anticipate that SAP SE will post 4.9 earnings per share for the current year.

Hedge Funds Weigh In On SAP

Hedge funds have recently made changes to their positions in the business. Godsey & Gibb Inc. acquired a new position in shares of SAP in the 3rd quarter worth approximately $25,000. LRI Investments LLC acquired a new position in shares of SAP in the 1st quarter worth approximately $25,000. POM Investment Strategies LLC grew its stake in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 127 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of SAP by 254.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker’s stock worth $33,000 after purchasing an additional 122 shares during the last quarter.

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.