SAP (NYSE:SAP) PT Raised to $300.00 at JMP Securities

SAP (NYSE:SAP) had its price objective lifted by JMP Securities from $245.00 to $300.00 in a report released on Tuesday morning, Benzinga reports. They currently have a market outperform rating on the software maker’s stock.

Several other analysts have also recently commented on the stock. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays boosted their target price on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. BMO Capital Markets raised their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, TD Cowen lifted their price objective on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Up 1.6 %

Shares of SAP opened at $238.34 on Tuesday. The business’s 50 day moving average is $222.71 and its 200 day moving average is $204.27. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP has a 12-month low of $130.63 and a 12-month high of $238.48. The company has a market capitalization of $292.80 billion, a PE ratio of 95.34, a price-to-earnings-growth ratio of 4.42 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.39%. The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the previous year, the business earned $1.20 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts expect that SAP will post 4.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SAP

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates lifted its position in SAP by 3.7% in the second quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock worth $127,473,000 after buying an additional 22,438 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of SAP in the 1st quarter worth about $58,936,000. NewEdge Advisors LLC boosted its stake in shares of SAP by 8.6% during the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after purchasing an additional 15,604 shares during the period. International Assets Investment Management LLC bought a new position in SAP during the 3rd quarter valued at about $40,573,000. Finally, Sei Investments Co. raised its position in SAP by 4.2% in the 2nd quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after purchasing an additional 6,785 shares during the period.

SAP Company Profile

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.