SAP (NYSE:SAP) Lowered to Market Perform Rating by Citizens Jmp

Citizens Jmp cut shares of SAP (NYSE:SAP) from an outperform rating to a market perform rating in a research report sent to investors on Friday morning, MarketBeat.com reports.

SAP has been the subject of a number of other reports. KeyCorp restated an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Argus restated a “buy” rating and set a $320.00 price target on shares of SAP in a report on Friday, October 24th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. Citigroup downgraded shares of SAP from a “buy” rating to a “market perform” rating in a research note on Friday. Finally, Barclays upped their price target on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and an average target price of $322.00.

SAP Stock Performance

NYSE:SAP opened at $201.09 on Friday. The stock’s 50-day moving average is $239.43 and its 200-day moving average is $260.24. SAP has a 1-year low of $195.12 and a 1-year high of $313.28. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The stock has a market cap of $247.04 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 2.36 and a beta of 1.18.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares during the period. Baird Financial Group Inc. purchased a new position in SAP in the first quarter valued at about $242,000. AQR Capital Management LLC boosted its stake in SAP by 49.0% in the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after acquiring an additional 5,363 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of SAP during the 1st quarter worth approximately $2,681,000. Finally, Sivia Capital Partners LLC raised its holdings in shares of SAP by 2.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after purchasing an additional 69 shares during the period.

Key Headlines Impacting SAP

Here are the key news stories impacting SAP this week:

• Positive Sentiment: SAP announced a new share repurchase program of up to €10 billion, which supports capital return and offsets some downward pressure. SAP Quarterly Statement Q4 2025
• Positive Sentiment: Q4 results beat on EPS and met revenue expectations; non‑IFRS metrics and cloud revenue showed year‑over‑year gains, indicating underlying profitability and demand. SAP Q4 results (MarketBeat)
• Neutral Sentiment: SAP reported strong cloud bookings and a record backlog in absolute terms, but the market is focused on growth rates and composition rather than headline backlog size. That nuance left investors uncertain. SAP cloud bookings jump 30% (Investing.com)
• Negative Sentiment: The primary catalyst for the selloff was a slower‑than‑expected increase in the cloud contract backlog and conservative 2026 commentary — investors punished the stock with its largest one‑day drop since 2020. What Went Wrong With SAP Stock? (Forbes)
• Negative Sentiment: Sector peers’ results (and AI‑era competition) amplified fears that AI incumbents and niche cloud players could pressure SAP’s growth, contributing to broader software stock weakness. US software stocks slide after SAP, ServiceNow results (Reuters)
• Negative Sentiment: Negative headlines compounded the sentiment: Siemens briefly overtook SAP as Germany’s most valuable company after the selloff, and SAP faced an analyst downgrade — visible signals of waning investor confidence. Siemens overtakes SAP (Seeking Alpha)
• Negative Sentiment: Management dismissed three executives over alleged stolen trade secrets, adding governance/legal uncertainty to near‑term headlines. Stolen trade secrets / executive dismissals (Heise)

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.