Brokerages Set SAP SE (NYSE:SAP) PT at $305.75

SAP SE (NYSE:SAP) has been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $305.75.

A number of research analysts have recently issued reports on the company. Santander raised SAP to a “neutral” rating in a research note on Tuesday, February 3rd. Zacks Research raised SAP from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Piper Sandler started coverage on SAP in a report on Tuesday, February 3rd. They set an “overweight” rating on the stock. Arete Research upgraded shares of SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SAP in a research report on Friday, January 30th.

Hedge Funds Weigh In On SAP

A number of institutional investors and hedge funds have recently made changes to their positions in SAP. Bayban bought a new stake in SAP in the 4th quarter valued at about $28,000. Pure Financial Advisors LLC grew its stake in SAP by 24.2% in the fourth quarter. Pure Financial Advisors LLC now owns 3,253 shares of the software maker’s stock valued at $790,000 after acquiring an additional 634 shares during the period. Rehmann Capital Advisory Group increased its holdings in shares of SAP by 12.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,234 shares of the software maker’s stock valued at $787,000 after acquiring an additional 366 shares in the last quarter. SHP Wealth Management acquired a new position in shares of SAP during the fourth quarter worth approximately $47,000. Finally, EJMK Ventures LLC bought a new position in shares of SAP in the 4th quarter worth $846,000.

SAP Trading Up 2.0%

NYSE:SAP opened at $199.54 on Friday. SAP has a 52 week low of $187.93 and a 52 week high of $313.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s fifty day moving average is $219.34 and its 200-day moving average is $245.38. The firm has a market cap of $245.14 billion, a P/E ratio of 28.30, a P/E/G ratio of 2.16 and a beta of 1.18.

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

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.