SAP’s (SAP) Buy Rating Reiterated at Argus

Argus reiterated their buy rating on shares of SAP (NYSE:SAP) in a report issued on Tuesday,Benzinga reports. Argus currently has a $320.00 price target on the software maker’s stock.

SAP has been the subject of a number of other reports. Barclays reissued an “overweight” rating and issued a $308.00 price target (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, BMO Capital Markets increased their price target on shares of SAP from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $264.00.

SAP Trading Down 1.2 %

SAP opened at $288.81 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP has a one year low of $179.43 and a one year high of $295.59. The company has a market cap of $354.80 billion, a P/E ratio of 100.63, a PEG ratio of 4.71 and a beta of 1.28. The business’s 50-day simple moving average is $268.13 and its 200-day simple moving average is $258.29.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities research analysts expect that SAP will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a $2.5423 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 13th. This is a boost from SAP’s previous annual dividend of $2.39. SAP’s dividend payout ratio (DPR) is 35.25%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SAP. Atomi Financial Group Inc. raised its stake in shares of SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after buying an additional 3,495 shares in the last quarter. Mount Yale Investment Advisors LLC raised its position in SAP by 208.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after acquiring an additional 11,057 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after purchasing an additional 7,667 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of SAP by 152.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after purchasing an additional 249,824 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of SAP by 98.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker’s stock valued at $633,000 after purchasing an additional 1,279 shares during the period.

About SAP

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.