SAP (NYSE:SAP) Rating Increased to Buy at Wall Street Zen

SAP (NYSE:SAP) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Other analysts have also issued research reports about the stock. Citigroup lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SAP in a report on Friday, January 30th. Arete Research upgraded shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Friday, January 30th. Finally, HSBC raised SAP to a “hold” rating in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, SAP has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Stock Up 0.4%

SAP stock opened at $204.65 on Monday. The stock’s 50 day simple moving average is $231.83 and its 200 day simple moving average is $253.18. The company has a market cap of $251.41 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.17. SAP has a fifty-two week low of $189.22 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a return on equity of 16.52% and a net margin of 19.92%.The firm had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter last year, the firm posted $1.40 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts expect that SAP will post 6.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SAP

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CX Institutional increased its position in shares of SAP by 2.0% during the third quarter. CX Institutional now owns 1,961 shares of the software maker’s stock valued at $524,000 after acquiring an additional 38 shares during the last quarter. Kathmere Capital Management LLC grew its stake in SAP by 1.0% in the 3rd quarter. Kathmere Capital Management LLC now owns 4,019 shares of the software maker’s stock valued at $1,074,000 after purchasing an additional 40 shares during the period. Binnacle Investments Inc increased its position in shares of SAP by 14.2% during the 3rd quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock valued at $90,000 after purchasing an additional 42 shares during the last quarter. Certuity LLC raised its stake in shares of SAP by 2.4% during the 2nd quarter. Certuity LLC now owns 1,866 shares of the software maker’s stock worth $568,000 after purchasing an additional 43 shares during the period. Finally, Spire Wealth Management boosted its holdings in shares of SAP by 6.2% in the 4th quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock worth $180,000 after buying an additional 43 shares during the last quarter.

About SAP

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.