SAP (NYSE:SAP) had its price objective decreased by Barclays from $142.00 to $137.00 in a report issued on Friday morning. Barclays currently has an overweight rating on the software maker’s stock.

A number of other analysts also recently weighed in on the stock. ValuEngine downgraded shares of SAP from a buy rating to a hold rating in a research report on Thursday. DZ Bank reaffirmed a buy rating on shares of SAP in a research report on Thursday. Royal Bank of Canada reaffirmed a neutral rating on shares of SAP in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a buy rating on shares of SAP in a research report on Monday, September 17th. Finally, Zacks Investment Research raised SAP from a sell rating to a hold rating in a research report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. SAP currently has an average rating of Buy and a consensus price target of $114.60.

Shares of SAP stock traded up $2.01 during mid-day trading on Friday, reaching $109.02. 1,064,188 shares of the company were exchanged, compared to its average volume of 1,225,463. SAP has a fifty-two week low of $99.20 and a fifty-two week high of $127.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $131.46 billion, a P/E ratio of 25.41, a PEG ratio of 3.33 and a beta of 1.23.

SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, October 18th. The software maker reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. SAP had a net margin of 17.57% and a return on equity of 17.69%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.99 billion. During the same quarter last year, the company earned $1.01 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts predict that SAP will post 4.39 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAP. Dimensional Fund Advisors LP lifted its stake in shares of SAP by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 118,074 shares of the software maker’s stock valued at $12,417,000 after acquiring an additional 2,293 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of SAP by 5.3% during the first quarter. Commonwealth Equity Services LLC now owns 9,578 shares of the software maker’s stock valued at $1,007,000 after buying an additional 481 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of SAP by 1,494.4% during the first quarter. Allianz Asset Management GmbH now owns 35,874 shares of the software maker’s stock valued at $3,773,000 after buying an additional 33,624 shares during the last quarter. LPL Financial LLC grew its stake in shares of SAP by 43.0% during the first quarter. LPL Financial LLC now owns 15,544 shares of the software maker’s stock valued at $1,635,000 after buying an additional 4,672 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of SAP by 13.3% during the first quarter. Royal Bank of Canada now owns 692,387 shares of the software maker’s stock valued at $72,811,000 after buying an additional 81,282 shares during the last quarter. Institutional investors and hedge funds own 4.53% of the company’s stock.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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Analyst Recommendations for SAP (NYSE:SAP)

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