SAP SE (SAP) Receives Hold Rating from BMO Capital Markets
SAP SE (NYSE:SAP)‘s stock had its “hold” rating restated by analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. They presently have a $110.00 price target on the software maker’s stock. BMO Capital Markets’ price target suggests a potential downside of 2.35% from the company’s current price.
Several other equities analysts have also recently commented on the stock. Stifel Nicolaus reissued a “sell” rating and set a $75.00 target price on shares of SAP SE in a research note on Thursday. Zacks Investment Research raised shares of SAP SE from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Royal Bank Of Canada reissued a “hold” rating on shares of SAP SE in a research note on Monday, September 18th. Berenberg Bank assumed coverage on shares of SAP SE in a research note on Wednesday, August 23rd. They set a “buy” rating on the stock. Finally, BidaskClub cut shares of SAP SE from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $94.84.
Shares of SAP SE (NYSE:SAP) opened at 112.65 on Friday. SAP SE has a 12-month low of $80.93 and a 12-month high of $113.03. The stock has a market cap of $135.06 billion, a P/E ratio of 32.66 and a beta of 1.10. The company’s 50-day moving average is $108.79 and its 200-day moving average is $104.87.
SAP SE declared that its Board of Directors has approved a stock repurchase program on Thursday, July 20th that permits the company to repurchase shares. This repurchase authorization permits the software maker to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
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Several institutional investors and hedge funds have recently made changes to their positions in SAP. Parallel Advisors LLC boosted its holdings in shares of SAP SE by 32.4% in the second quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after buying an additional 234 shares during the period. Acadian Asset Management LLC acquired a new position in shares of SAP SE in the third quarter worth about $102,000. Welch Group LLC acquired a new position in shares of SAP SE in the third quarter worth about $108,000. IFP Advisors Inc boosted its holdings in shares of SAP SE by 19.9% in the first quarter. IFP Advisors Inc now owns 1,125 shares of the software maker’s stock worth $110,000 after buying an additional 187 shares during the period. Finally, Trust Co. of Vermont boosted its holdings in shares of SAP SE by 16.1% in the first quarter. Trust Co. of Vermont now owns 1,132 shares of the software maker’s stock worth $111,000 after buying an additional 157 shares during the period. Institutional investors own 3.57% 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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