Wall Street Zen Downgrades SAP (NYSE:SAP) to Hold

SAP (NYSE:SAP) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

SAP has been the topic of a number of other research reports. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. BMO Capital Markets reduced their price target on SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Santander raised SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SAP in a research report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

SAP Price Performance

SAP opened at $169.69 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $175.74 and its 200 day simple moving average is $212.53. The firm has a market cap of $208.46 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.90 and a beta of 1.11. SAP has a 1 year low of $158.58 and a 1 year high of $313.28.

SAP (NYSE:SAP) last issued its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The firm had revenue of $11.06 billion for the quarter. As a group, analysts predict that SAP will post 8.35 earnings per share for the current year.

Institutional Trading of SAP

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quantinno Capital Management LP lifted its position in SAP by 9.4% during the 1st quarter. Quantinno Capital Management LP now owns 143,889 shares of the software maker’s stock valued at $24,635,000 after acquiring an additional 12,361 shares during the period. Lazard Asset Management LLC grew its holdings in SAP by 2.7% in the first quarter. Lazard Asset Management LLC now owns 18,554 shares of the software maker’s stock worth $3,177,000 after purchasing an additional 493 shares during the period. Entropy Technologies LP increased its stake in shares of SAP by 154.7% during the first quarter. Entropy Technologies LP now owns 47,655 shares of the software maker’s stock valued at $8,159,000 after purchasing an additional 28,943 shares in the last quarter. GC Wealth Management RIA LLC increased its stake in shares of SAP by 63.1% during the first quarter. GC Wealth Management RIA LLC now owns 9,970 shares of the software maker’s stock valued at $1,707,000 after purchasing an additional 3,859 shares in the last quarter. Finally, Keebeck Wealth Management purchased a new position in shares of SAP during the first quarter valued at approximately $225,000.

About SAP

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.