SAP (NYSE:SAP) Sets New 52-Week Low – Here’s Why

SAP SE (NYSE:SAP) reached a new 52-week low during trading on Thursday . The company traded as low as $149.06 and last traded at $151.3940, with a volume of 448723 shares. The stock had previously closed at $152.75.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings cut shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a report on Thursday, May 14th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. Barclays raised their price objective on shares of SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, BMO Capital Markets decreased their target price on SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $283.40.

SAP Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $190.71 billion, a P/E ratio of 20.98, a PEG ratio of 1.68 and a beta of 1.12. The stock’s 50-day simple moving average is $171.33 and its two-hundred day simple moving average is $196.55.

SAP (NYSE:SAP) last released its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The firm had revenue of $11.06 billion during the quarter. Equities research analysts forecast that SAP SE will post 8.36 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a dividend of $2.9291 per share. This represents a dividend yield of 170.0%. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date was Tuesday, May 5th. SAP’s dividend payout ratio (DPR) is presently 28.78%.

Institutional Investors Weigh In On SAP

Hedge funds and other institutional investors have recently modified their holdings of the business. Windacre Partnership LLC grew its position in SAP by 130.9% in the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after acquiring an additional 1,336,325 shares during the last quarter. Bank of America Corp DE lifted its position in shares of SAP by 58.1% during the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after purchasing an additional 973,779 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of SAP in the first quarter worth about $150,701,000. Sustainable Growth Advisers LP increased its stake in SAP by 1,126.3% in the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock worth $225,102,000 after buying an additional 773,720 shares during the period. Finally, M&T Bank Corp increased its stake in SAP by 1,582.7% in the 4th quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock worth $198,529,000 after buying an additional 768,725 shares during the period.

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.