SAP (NYSE:SAP) Sets New 12-Month Low – Should You Sell?

SAP SE (NYSE:SAP)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $171.30 and last traded at $170.4970, with a volume of 67339 shares traded. The stock had previously closed at $178.16.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a research note on Tuesday. Piper Sandler began coverage on shares of SAP in a report on Tuesday, February 3rd. They issued an “overweight” rating on the stock. Weiss Ratings lowered shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. Citizens Jmp downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Finally, Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Trading Down 4.7%

The company has a market cap of $208.64 billion, a P/E ratio of 24.14, a PEG ratio of 1.94 and a beta of 1.18. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $206.46 and a 200-day moving average price of $238.04.

SAP (NYSE:SAP) last released its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.54%. The business had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the business earned $1.40 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

A number of institutional investors and hedge funds have recently modified their holdings of SAP. Fisher Asset Management LLC increased its stake in shares of SAP by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock worth $3,577,793,000 after purchasing an additional 179,550 shares during the period. Bank of America Corp DE increased its position in SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after buying an additional 973,779 shares during the period. Windacre Partnership LLC lifted its holdings in shares of SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after buying an additional 1,336,325 shares in the last quarter. Northern Trust Corp boosted its position in shares of SAP by 3.2% in the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after acquiring an additional 49,111 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of SAP by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock valued at $291,498,000 after acquiring an additional 83,349 shares in the last quarter.

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.