SAP (NYSE:SAP) Earns Neutral Rating from JPMorgan Chase & Co.

SAP (NYSE:SAP)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, Marketbeat.com reports.

A number of other equities analysts also recently commented on the stock. Santander raised shares of SAP to a “neutral” rating in a research note on Tuesday, February 3rd. Arete Research raised SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Barclays set a $283.00 price target on SAP in a report on Monday, February 2nd. Citigroup cut SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Zacks Research downgraded SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $305.75.

SAP Stock Down 1.2%

Shares of SAP opened at $168.98 on Tuesday. The company has a market cap of $207.59 billion, a PE ratio of 23.97, a P/E/G ratio of 1.88 and a beta of 1.18. The business has a fifty day moving average of $203.54 and a 200 day moving average of $236.87. SAP has a 52-week low of $168.14 and a 52-week high of $313.28. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.77 by $0.13. The company had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 EPS. On average, sell-side analysts expect that SAP will post 6.55 EPS for the current year.

Institutional Investors Weigh In On SAP

Several hedge funds have recently added to or reduced their stakes in SAP. Rockefeller Capital Management L.P. lifted its stake in shares of SAP by 17.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 22,171 shares of the software maker’s stock valued at $5,386,000 after purchasing an additional 3,308 shares during the period. Bayban purchased a new stake in SAP during the fourth quarter worth $28,000. Pure Financial Advisors LLC grew its position in SAP by 24.2% during the fourth quarter. Pure Financial Advisors LLC now owns 3,253 shares of the software maker’s stock valued at $790,000 after buying an additional 634 shares during the period. Rehmann Capital Advisory Group increased its holdings in SAP by 12.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,234 shares of the software maker’s stock valued at $787,000 after buying an additional 366 shares in the last quarter. Finally, SHP Wealth Management purchased a new position in SAP in the fourth quarter valued at $47,000.

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.