SAP (NYSE:SAP) Reaches New 1-Year Low – What’s Next?

SAP SE (NYSE:SAP) reached a new 52-week low on Thursday . The company traded as low as $221.71 and last traded at $224.9460, with a volume of 3153885 shares traded. The stock had previously closed at $226.92.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. KeyCorp reaffirmed an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Hsbc Global Res raised shares of SAP to a “hold” rating in a report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research note on Monday, October 27th. Citigroup reissued a “buy” rating on shares of SAP in a research note on Thursday, December 11th. Finally, Arete Research upgraded SAP to a “strong-buy” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, SAP has a consensus rating of “Buy” and a consensus price target of $280.20.

SAP Stock Up 2.0%

The business’s 50 day moving average price is $240.90 and its 200-day moving average price is $263.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.11. The firm has a market capitalization of $278.07 billion, a PE ratio of 34.57, a P/E/G ratio of 2.75 and a beta of 1.18.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. The firm had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.23 EPS. As a group, equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Hedge Funds Weigh In On SAP

Several hedge funds have recently bought and sold shares of SAP. First PREMIER Bank acquired a new position in SAP in the 3rd quarter valued at about $25,000. Retirement Wealth Solutions LLC boosted its stake in shares of SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after purchasing an additional 69 shares during the period. Sound Income Strategies LLC grew its holdings in shares of SAP by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in SAP during the 3rd quarter worth approximately $27,000. Finally, Copia Wealth Management purchased a new stake in SAP during the 3rd quarter worth approximately $28,000.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.