SAP (NYSE:SAP) Lowered to Hold Rating by Wall Street Zen

SAP (NYSE:SAPGet 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 stock opened at $287.60 on Friday. The business has a 50 day simple moving average of $290.31 and a 200 day simple moving average of $274.09. SAP has a one year low of $191.59 and a one year high of $311.40. The company has a market capitalization of $353.31 billion, a PE ratio of 55.10, a price-to-earnings-growth ratio of 4.16 and a beta of 1.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17.

SAP (NYSE:SAPGet 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

(Get Free Report)

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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