SAP (NYSE:SAP) Hits New 1-Year Low – What’s Next?

Shares of SAP SE (NYSE:SAP) reached a new 52-week low during trading on Tuesday . The stock traded as low as $187.94 and last traded at $188.6130, with a volume of 1047379 shares trading hands. The stock had previously closed at $196.01.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of recent research reports. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Arete Research raised SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of SAP in a research note on Friday, January 30th. Barclays set a $283.00 target price on shares of SAP in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded shares of SAP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $305.75.

SAP Trading Down 0.3%

The business’s 50-day simple moving average is $220.26 and its 200-day simple moving average is $245.70. The company has a market cap of $240.41 billion, a PE ratio of 27.76, a P/E/G ratio of 2.17 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.

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

Institutional Investors Weigh In On SAP

Institutional investors and hedge funds have recently modified their holdings of the business. First PREMIER Bank acquired a new stake in shares of SAP in the third quarter worth about $25,000. Retirement Wealth Solutions LLC raised its stake in shares of SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after acquiring an additional 69 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of SAP in the 3rd quarter valued at approximately $27,000. Copia Wealth Management acquired a new stake in SAP in the 3rd quarter worth approximately $28,000. Finally, Sound Income Strategies LLC boosted 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 worth $26,000 after purchasing an additional 58 shares during the period.

SAP Company Profile

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.