SAP SE (NYSE:SAP) had its price target lifted by equities research analysts at Argus from $118.00 to $130.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the software maker’s stock. Argus’ price target would indicate a potential upside of 16.04% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered SAP SE from a “hold” rating to a “sell” rating in a report on Monday, July 24th. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of SAP SE in a report on Monday, June 26th. Royal Bank Of Canada upped their target price on SAP SE from $102.00 to $106.00 and gave the company a “sector perform” rating in a report on Tuesday, July 18th. Finally, BidaskClub lowered SAP SE from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. SAP SE currently has a consensus rating of “Buy” and an average price target of $100.40.

SAP SE (SAP) traded up 0.7176% during mid-day trading on Monday, hitting $112.8339. The stock had a trading volume of 480,065 shares. SAP SE has a 1-year low of $80.93 and a 1-year high of $113.64. The stock has a market cap of $135.28 billion, a PE ratio of 32.7150 and a beta of 1.10. The firm’s 50-day moving average price is $110.04 and its 200-day moving average price is $105.48.

SAP SE (NYSE:SAP) last released its earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.68 billion. SAP SE had a return on equity of 15.55% and a net margin of 15.80%. SAP SE’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that SAP SE will post $4.87 earnings per share for the current year.

SAP SE announced that its board has initiated a stock repurchase program on Thursday, July 20th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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Several large investors have recently bought and sold shares of the business. Howe & Rusling Inc. lifted its position in shares of SAP SE by 0.5% during the second quarter. Howe & Rusling Inc. now owns 1,544 shares of the software maker’s stock worth $116,000 after acquiring an additional 7 shares in the last quarter. Shelton Capital Management lifted its position in shares of SAP SE by 0.3% during the second quarter. Shelton Capital Management now owns 3,677 shares of the software maker’s stock worth $276,000 after acquiring an additional 10 shares in the last quarter. Strategic Global Advisors LLC lifted its position in shares of SAP SE by 0.3% during the second quarter. Strategic Global Advisors LLC now owns 3,468 shares of the software maker’s stock worth $363,000 after acquiring an additional 12 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of SAP SE by 0.3% during the first quarter. Checchi Capital Advisers LLC now owns 6,737 shares of the software maker’s stock worth $661,000 after acquiring an additional 18 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its position in shares of SAP SE by 0.7% during the second quarter. HighPoint Advisor Group LLC now owns 3,108 shares of the software maker’s stock worth $271,000 after acquiring an additional 21 shares in the last quarter. Hedge funds and other 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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