SAP (NYSE:SAP) was downgraded by equities research analysts at HSBC from a “buy” rating to a “hold” rating in a report released on Tuesday, MarketBeat Ratings reports.

Several other research firms also recently weighed in on SAP. ValuEngine downgraded SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Bank of America downgraded SAP from a “buy” rating to a “neutral” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded SAP from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Monday, February 4th. JMP Securities reiterated a “buy” rating and set a $131.00 target price on shares of SAP in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada reiterated a “neutral” rating on shares of SAP in a research report on Friday, February 8th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $116.50.

SAP stock opened at $112.27 on Tuesday. The firm has a market capitalization of $137.92 billion, a PE ratio of 24.78, a PEG ratio of 2.34 and a beta of 1.02. SAP has a 1 year low of $94.81 and a 1 year high of $127.16. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.37.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 29th. The software maker reported $1.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.10). The firm had revenue of $7.43 billion during the quarter, compared to analysts’ expectations of $7.22 billion. SAP had a return on equity of 16.47% and a net margin of 16.44%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the business earned $1.77 earnings per share. On average, equities research analysts expect that SAP will post 5.02 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GQG Partners LLC increased its holdings in shares of SAP by 108.4% in the fourth quarter. GQG Partners LLC now owns 2,218,850 shares of the software maker’s stock worth $220,951,000 after purchasing an additional 1,153,894 shares during the last quarter. FMR LLC increased its holdings in shares of SAP by 32.1% in the fourth quarter. FMR LLC now owns 3,515,919 shares of the software maker’s stock worth $350,010,000 after purchasing an additional 854,993 shares during the last quarter. Cambiar Investors LLC increased its holdings in shares of SAP by 19.6% in the fourth quarter. Cambiar Investors LLC now owns 1,648,637 shares of the software maker’s stock worth $164,122,000 after purchasing an additional 270,753 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of SAP by 394.1% in the third quarter. Bank of New York Mellon Corp now owns 312,116 shares of the software maker’s stock worth $38,390,000 after purchasing an additional 248,945 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of SAP by 5,035.6% in the fourth quarter. Deutsche Bank AG now owns 239,009 shares of the software maker’s stock worth $23,792,000 after purchasing an additional 234,355 shares during the last quarter. Institutional investors own 4.57% of the company’s stock.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Analyst Recommendations for SAP (NYSE:SAP)

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