SAP (NYSE:SAP) Hits New 12-Month High – What’s Next?

SAP SE (NYSE:SAP) shares hit a new 52-week high on Wednesday . The stock traded as high as $282.00 and last traded at $281.63, with a volume of 42538 shares. The stock had previously closed at $278.11.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays increased their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Trading Up 0.0 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a market cap of $347.91 billion, a P/E ratio of 98.68, a PEG ratio of 4.53 and a beta of 1.23. The firm’s fifty day moving average price is $257.48 and its two-hundred day moving average price is $235.06.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, equities research analysts forecast that SAP SE will post 6.53 EPS for the current year.

Institutional Trading of SAP

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC raised its position in SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC bought a new position in shares of SAP during the 4th quarter valued at about $290,023,000. Raymond James Financial Inc. purchased a new position in shares of SAP during the 4th quarter valued at about $150,668,000. Fisher Asset Management LLC boosted its stake in SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after buying an additional 403,956 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in SAP during the fourth quarter valued at approximately $47,195,000.

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.