SAP (NYSE:SAP) Stock Rating Lowered by Zacks Research

SAP (NYSE:SAP) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

SAP has been the subject of several other research reports. Weiss Ratings upgraded shares of SAP from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 27th. Barclays set a $283.00 price target on shares of SAP in a research report on Monday, February 2nd. Citizens Jmp downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a research note on Friday, January 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Finally, Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Stock Up 1.3%

Shares of NYSE:SAP traded up $2.61 during mid-day trading on Thursday, reaching $202.09. 2,427,939 shares of the stock were exchanged, compared to its average volume of 2,854,997. The stock’s 50 day simple moving average is $218.45 and its 200-day simple moving average is $244.86. SAP has a one year low of $187.93 and a one year high of $313.28. The company has a market cap of $248.27 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.21 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP) last released its earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.77 by $0.13. The firm had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. SAP had a return on equity of 16.54% and a net margin of 19.92%.The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. As a group, equities research analysts predict that SAP will post 6.55 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. First PREMIER Bank acquired a new stake in SAP during the third quarter worth about $25,000. Retirement Wealth Solutions LLC boosted its position in shares of SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after acquiring an additional 69 shares in the last quarter. Sound Income Strategies LLC raised its position in SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in SAP during the third quarter worth $27,000. Finally, Copia Wealth Management acquired a new stake in shares of SAP in the 3rd quarter valued at $28,000.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.