SAP SE (SAP) Given “Buy” Rating at Oppenheimer Holdings, Inc.
SAP SE (NYSE:SAP)‘s stock had its “buy” rating reaffirmed by Oppenheimer Holdings, Inc. in a report issued on Tuesday. They presently have a $120.00 price target on the software maker’s stock. Oppenheimer Holdings, Inc.’s price objective suggests a potential upside of 6.79% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a research report on Thursday, October 19th. Morgan Stanley reaffirmed a “buy” rating on shares of SAP SE in a report on Monday, October 16th. Berenberg Bank began coverage on SAP SE in a report on Wednesday, August 23rd. They issued a “buy” rating on the stock. BidaskClub downgraded SAP SE from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised SAP SE from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $106.91.
Shares of SAP SE (NYSE:SAP) traded down $0.22 during trading hours on Tuesday, reaching $112.37. The company had a trading volume of 518,100 shares, compared to its average volume of 721,495. The firm has a market capitalization of $138,373.11, a P/E ratio of 31.36, a P/E/G ratio of 3.25 and a beta of 1.14. SAP SE has a 1-year low of $80.93 and a 1-year high of $116.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24.
SAP SE (NYSE:SAP) last issued its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.68 billion. SAP SE had a return on equity of 15.43% and a net margin of 15.80%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. sell-side analysts predict that SAP SE will post 4.13 EPS for the current fiscal year.
SAP SE declared that its Board of Directors has approved a share buyback plan 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 plans are often a sign that the company’s board believes its shares are undervalued.
Institutional investors and hedge funds have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC bought a new position in shares of SAP SE in the 3rd quarter valued at $100,000. Parallel Advisors LLC raised its position in SAP SE by 32.4% during the 2nd quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after purchasing an additional 234 shares during the last quarter. Acadian Asset Management LLC bought a new position in SAP SE during the 3rd quarter worth $102,000. Welch Group LLC bought a new position in SAP SE during the 3rd quarter worth $108,000. Finally, IFP Advisors Inc raised its position in SAP SE by 19.9% during the 1st quarter. IFP Advisors Inc now owns 1,125 shares of the software maker’s stock worth $110,000 after purchasing an additional 187 shares during the last quarter. Institutional investors own 3.63% of the company’s stock.
About SAP SE
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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