SAP SE (SAP) Given Consensus Recommendation of “Buy” by Brokerages
SAP SE (NYSE:SAP) has earned a consensus rating of “Buy” from the twenty-one ratings firms that are covering the company. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $90.64.
Several research firms have recently weighed in on SAP. Goldman Sachs Group Inc set a $115.00 price objective on SAP SE and gave the company a “buy” rating in a research report on Saturday, February 18th. BMO Capital Markets reduced their price objective on SAP SE from $105.00 to $95.00 and set a “market perform” rating for the company in a research report on Wednesday, April 26th. Stifel Nicolaus cut SAP SE from a “hold” rating to a “sell” rating and set a $102.13 price objective for the company. in a research report on Wednesday, April 26th. Royal Bank of Canada reissued a “neutral” rating on shares of SAP SE in a research report on Thursday, April 13th. Finally, William Blair reduced their price objective on SAP SE from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, April 17th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in SAP SE by 19.9% in the first quarter. IFP Advisors Inc now owns 1,125 shares of the software maker’s stock valued at $110,000 after buying an additional 187 shares in the last quarter. Trust Co. of Vermont raised its position in SAP SE by 16.1% in the first quarter. Trust Co. of Vermont now owns 1,132 shares of the software maker’s stock valued at $111,000 after buying an additional 157 shares in the last quarter. Coconut Grove Bank raised its position in SAP SE by 23.9% in the first quarter. Coconut Grove Bank now owns 1,140 shares of the software maker’s stock valued at $112,000 after buying an additional 220 shares in the last quarter. Huntington National Bank raised its position in SAP SE by 51.5% in the first quarter. Huntington National Bank now owns 1,524 shares of the software maker’s stock valued at $150,000 after buying an additional 518 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its position in SAP SE by 15.7% in the fourth quarter. Johnson Financial Group Inc. now owns 2,069 shares of the software maker’s stock valued at $179,000 after buying an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 3.61% of the company’s stock.
SAP SE (NYSE:SAP) opened at 103.51 on Tuesday. SAP SE has a 52-week low of $71.39 and a 52-week high of $104.05. The firm has a market capitalization of $124.11 billion, a PE ratio of 31.73 and a beta of 1.26. The stock’s 50 day moving average is $99.43 and its 200-day moving average is $91.62.
The business also recently disclosed an annual dividend, which will be paid on Monday, May 22nd. Shareholders of record on Monday, May 15th will be paid a dividend of $1.3312 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a yield of 1.37%. SAP SE’s dividend payout ratio is currently 27.93%.
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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).
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