SAP SE (NYSE:SAP) Receives Average Rating of “Moderate Buy” from Brokerages

SAP SE (NYSE:SAP) has received a consensus recommendation of “Moderate Buy” from the twenty research firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $283.40.

Several research firms have commented on SAP. Barclays raised their target price on shares of SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. TD Cowen reiterated a “buy” rating on shares of SAP in a report on Thursday, May 14th. Weiss Ratings upgraded shares of SAP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. Finally, Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th.

SAP Price Performance

Shares of NYSE:SAP opened at $164.92 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $169.45 and a 200 day simple moving average of $193.18. The company has a market cap of $202.60 billion, a PE ratio of 22.32, a P/E/G ratio of 1.86 and a beta of 1.14. SAP has a fifty-two week low of $148.06 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The business had revenue of $11.06 billion during the quarter. On average, sell-side analysts anticipate that SAP will post 8.33 EPS for the current year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were issued a $2.9291 dividend. This represents a dividend yield of 170.0%. This is a positive change from SAP’s previous annual dividend of $2.54. The ex-dividend date was Tuesday, May 5th. SAP’s payout ratio is currently 28.92%.

Institutional Investors Weigh In On SAP

Hedge funds and other institutional investors have recently bought and sold shares of the business. Binnacle Investments Inc boosted 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 in the last quarter. Spire Wealth Management raised 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 purchasing an additional 43 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in SAP by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock valued at $1,355,000 after purchasing an additional 43 shares during the last quarter. Euro Pacific Asset Management LLC lifted its stake in SAP by 5.7% during the fourth quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker’s stock valued at $213,000 after purchasing an additional 47 shares during the last quarter. Finally, Modera Wealth Management LLC boosted its holdings in SAP by 1.2% during the fourth quarter. Modera Wealth Management LLC now owns 3,912 shares of the software maker’s stock worth $950,000 after buying an additional 48 shares in 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.