SAP (NYSE:SAP) issued an update on its first quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.688-1.688 for the period. The company issued revenue guidance of $7.66 billion-$7.66 billion.
SAP has been the topic of a number of research reports. UBS Group reissued a neutral rating on shares of SAP in a report on Monday, April 19th. Deutsche Bank Aktiengesellschaft reissued a buy rating on shares of SAP in a report on Friday, April 23rd. Zacks Investment Research cut SAP from a hold rating to a sell rating and set a $139.00 price target on the stock. in a research report on Thursday, February 4th. Oppenheimer increased their target price on SAP from $145.00 to $155.00 and gave the stock an outperform rating in a research report on Thursday, April 22nd. Finally, Morgan Stanley reissued an overweight rating on shares of SAP in a report on Friday, April 23rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. SAP presently has a consensus rating of Hold and a consensus price target of $135.33.
Shares of SAP traded down $4.30 during midday trading on Tuesday, reaching $136.72. The stock had a trading volume of 1,201,671 shares, compared to its average volume of 984,652. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $167.96 billion, a P/E ratio of 29.55, a P/E/G ratio of 4.33 and a beta of 1.03. The firm’s 50 day moving average price is $131.67 and its 200-day moving average price is $127.34. SAP has a 52 week low of $104.64 and a 52 week high of $169.30.
The firm also recently announced an annual dividend, which will be paid on Tuesday, May 25th. Investors of record on Friday, May 14th will be paid a dividend of $2.189 per share. The ex-dividend date is Thursday, May 13th. This is a positive change from SAP’s previous annual dividend of $1.70. This represents a yield of 2.1%. SAP’s dividend payout ratio is currently 31.09%.
A hedge fund recently bought a new stake in SAP stock. OLD Mission Capital LLC bought a new position in SAP SE (NYSE:SAP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,070 shares of the software maker’s stock, valued at approximately $6,555,000.
SAP SE operates as an enterprise application software company worldwide. The company operates through four segments: Applications, Technology & Support; Concur; Qualtrics; and Services. It offers SAP S/4HANA, an enterprise resource planning suite for intelligent technologies; SAP Integrated Business Planning for Supply Chain, a cloud-based solution that delivers real-time supply chain planning capabilities; SAP Intelligent Asset Management, a solution that helps to define, plan, and monitor service and maintenance strategy; SAP SuccessFactors Human Experience Management Suite, a cloud software that helps to develop, manage, and engage people; SAP Ariba, a digital business-to-business marketplace; SAP Concur, a travel and expense management software; and SAP Fieldglass, a cloud application for services procurement and contingent workforce management.
Featured Article: How does a security become overbought?
Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.