SAP (NYSE:SAP) was upgraded by research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a note issued to investors on Monday, Marketbeat.com reports.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Wednesday, December 13th. Citigroup reaffirmed a “buy” rating on shares of SAP in a research report on Wednesday, January 10th. Desjardins raised SAP to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, December 28th. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research report on Friday, January 19th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $120.00 target price on shares of SAP in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. SAP currently has a consensus rating of “Buy” and a consensus target price of $104.00.
Shares of SAP (NYSE SAP) traded down $0.14 during mid-day trading on Monday, hitting $108.98. The company had a trading volume of 717,852 shares, compared to its average volume of 1,271,499. SAP has a 52-week low of $94.62 and a 52-week high of $116.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $133,340.00, a price-to-earnings ratio of 27.94, a P/E/G ratio of 2.98 and a beta of 1.15.
Hedge funds and other institutional investors have recently modified their holdings of the business. Icon Advisers Inc. Co. purchased a new position in shares of SAP in the 3rd quarter valued at $1,502,000. Capital One National Association increased its holdings in shares of SAP by 16.1% in the 4th quarter. Capital One National Association now owns 6,468 shares of the software maker’s stock valued at $727,000 after acquiring an additional 895 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of SAP by 8.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,107,059 shares of the software maker’s stock valued at $121,363,000 after acquiring an additional 83,601 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of SAP in the 4th quarter valued at $404,000. Finally, Wells Fargo & Company MN increased its holdings in shares of SAP by 0.5% in the 3rd quarter. Wells Fargo & Company MN now owns 920,159 shares of the software maker’s stock valued at $100,895,000 after acquiring an additional 4,642 shares during the period. 10.28% of the stock is owned by institutional investors and hedge funds.
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SAP 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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