CIBC Boosts SAP SE (SAP) Price Target to $115.00
SAP SE (NYSE:SAP) had its price objective increased by investment analysts at CIBC from $107.00 to $115.00 in a note issued to investors on Monday. The brokerage presently has an “outperform” rating on the software maker’s stock. CIBC’s price target suggests a potential upside of 11.03% from the stock’s current price.
A number of other research analysts have also recently commented on SAP. Societe Generale upgraded SAP SE from a “hold” rating to a “buy” rating in a research note on Thursday, March 2nd. Goldman Sachs Group, Inc. (The) set a $115.00 price target on SAP SE and gave the stock a “buy” rating in a research note on Saturday, February 18th. DZ Bank AG restated a “buy” rating on shares of SAP SE in a research note on Friday, March 31st. Morgan Stanley restated a “buy” rating on shares of SAP SE in a research note on Thursday, April 13th. Finally, William Blair decreased their price target on SAP SE from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $96.01.
Shares of SAP SE (NYSE:SAP) traded down 2.34% during midday trading on Monday, hitting $103.58. The company had a trading volume of 1,408,501 shares. The company has a 50-day moving average of $104.19 and a 200-day moving average of $94.60. SAP SE has a 12 month low of $71.39 and a 12 month high of $108.72. The company has a market capitalization of $124.19 billion, a PE ratio of 31.13 and a beta of 1.11.
The business also recently disclosed an annual dividend, which was paid on Monday, May 22nd. Stockholders of record on Monday, May 15th were paid a $1.3312 dividend. This represents a dividend yield of 1.37%. The ex-dividend date was Thursday, May 11th. SAP SE’s payout ratio is currently 30.06%.
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Several hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its stake in shares of SAP SE by 0.8% in the first quarter. Fisher Asset Management LLC now owns 6,223,373 shares of the software maker’s stock valued at $610,949,000 after buying an additional 46,698 shares during the last quarter. Harding Loevner LP boosted its stake in shares of SAP SE by 7.0% in the first quarter. Harding Loevner LP now owns 5,531,732 shares of the software maker’s stock valued at $543,050,000 after buying an additional 362,267 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of 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 valued at $251,830,000 after buying an additional 696,447 shares during the last quarter. Sustainable Growth Advisers LP boosted its stake in shares of SAP SE by 9.1% in the first quarter. Sustainable Growth Advisers LP now owns 2,356,371 shares of the software maker’s stock valued at $231,302,000 after buying an additional 195,579 shares during the last quarter. Finally, Scharf Investments LLC bought a new stake in shares of SAP SE during the fourth quarter valued at about $147,785,000. Institutional investors and hedge funds own 3.73% 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).
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