SAP (NYSE:SAP – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
Other equities research analysts have also recently issued reports about the company. Argus reaffirmed a “buy” rating and set a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. BMO Capital Markets raised their price target on SAP from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, May 23rd. Piper Sandler assumed coverage on SAP in a report on Tuesday. They set an “overweight” rating for the company. JMP Securities reissued a “market outperform” rating and issued a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, SAP currently has an average rating of “Buy” and a consensus price target of $271.83.
View Our Latest Research Report on SAP
SAP Price Performance
SAP (NYSE:SAP – Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $9.08 billion. On average, sell-side analysts forecast that SAP will post 6.55 EPS for the current fiscal year.
Institutional Investors Weigh In On SAP
A number of institutional investors have recently made changes to their positions in SAP. Brighton Jones LLC grew its stake in shares of SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares during the period. D.A. Davidson & CO. grew its stake in shares of SAP by 98.9% during the fourth quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker’s stock worth $633,000 after purchasing an additional 1,279 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of SAP by 89.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 5,511 shares of the software maker’s stock worth $1,357,000 after purchasing an additional 2,601 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of SAP during the fourth quarter worth $62,000. Finally, Global Retirement Partners LLC grew its stake in shares of SAP by 41.3% during the fourth quarter. Global Retirement Partners LLC now owns 971 shares of the software maker’s stock worth $239,000 after purchasing an additional 284 shares during the period.
SAP Company Profile
SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
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