SAP SE (NYSE:SAP)‘s stock had its “hold” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued on Monday.

SAP has been the topic of a number of other research reports. CIBC raised their price objective on shares of SAP SE from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, June 12th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $115.00 price target (up previously from $107.00) on shares of SAP SE in a report on Friday, June 9th. Stifel Nicolaus reaffirmed a “sell” rating and set a $75.00 price target on shares of SAP SE in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of SAP SE in a report on Monday, June 26th. Finally, Berenberg Bank began coverage on shares of SAP SE in a report on Wednesday, August 23rd. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. SAP SE has an average rating of “Buy” and a consensus target price of $94.84.

SAP SE (SAP) opened at 109.74 on Monday. The stock has a market capitalization of $131.57 billion, a PE ratio of 31.97 and a beta of 1.12. The firm has a 50-day moving average of $106.30 and a 200-day moving average of $102.88. SAP SE has a 1-year low of $80.93 and a 1-year high of $110.32.

SAP SE announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 20th that allows the company to repurchase outstanding shares. This repurchase authorization allows the software maker to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC increased its position in SAP SE by 3.8% in the second quarter. Fisher Asset Management LLC now owns 6,462,281 shares of the software maker’s stock worth $676,407,000 after purchasing an additional 238,908 shares during the last quarter. Harding Loevner LP increased its position in SAP SE by 3.3% in the second quarter. Harding Loevner LP now owns 5,712,345 shares of the software maker’s stock worth $597,911,000 after purchasing an additional 180,613 shares during the last quarter. Sustainable Growth Advisers LP increased its position in SAP SE by 8.9% in the second quarter. Sustainable Growth Advisers LP now owns 2,567,035 shares of the software maker’s stock worth $268,691,000 after purchasing an additional 210,664 shares during the last quarter. Bank of America Corp DE increased its position in SAP SE by 37.3% in the first quarter. Bank of America Corp DE now owns 2,565,236 shares of the software maker’s stock worth $251,830,000 after purchasing an additional 696,447 shares during the last quarter. Finally, Morgan Stanley increased its position in SAP SE by 101.2% in the first quarter. Morgan Stanley now owns 1,659,689 shares of the software maker’s stock worth $162,933,000 after purchasing an additional 834,600 shares during the last quarter. Institutional investors own 3.56% of the company’s stock.

SAP SE Company Profile

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

Analyst Recommendations for SAP SE (NYSE:SAP)

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