SAP (NYSE:SAP)‘s stock had its “buy” rating reiterated by equities research analysts at DZ Bank in a research report issued to clients and investors on Thursday.
Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of SAP in a research note on Monday, September 17th. Zacks Investment Research upgraded shares of SAP from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Barclays decreased their price objective on shares of SAP from $134.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, July 20th. Deutsche Bank reiterated a “buy” rating on shares of SAP in a research note on Friday, July 20th. Finally, Royal Bank of Canada reiterated a “$121.96” rating on shares of SAP in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. SAP currently has a consensus rating of “Buy” and a consensus target price of $113.70.
NYSE:SAP traded down $0.26 on Thursday, hitting $125.91. The stock had a trading volume of 17,931 shares, compared to its average volume of 792,473. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $155.54 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. SAP has a 1 year low of $99.20 and a 1 year high of $127.16.
SAP (NYSE:SAP) last posted its quarterly earnings data on Thursday, July 19th. The software maker reported $0.98 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $5.90 billion. SAP had a net margin of 17.92% and a return on equity of 18.07%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. sell-side analysts forecast that SAP will post 4.39 earnings per share for the current year.
Several hedge funds have recently modified their holdings of SAP. CSat Investment Advisory L.P. bought a new position in SAP in the 2nd quarter valued at $5,382,000. Investment House LLC grew its holdings in shares of SAP by 2.0% during the second quarter. Investment House LLC now owns 56,108 shares of the software maker’s stock worth $6,489,000 after buying an additional 1,091 shares in the last quarter. Timber Hill LLC purchased a new stake in shares of SAP during the second quarter worth $821,000. Chevy Chase Trust Holdings Inc. grew its holdings in shares of SAP by 1.1% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 40,183 shares of the software maker’s stock worth $4,647,000 after buying an additional 451 shares in the last quarter. Finally, Sawtooth Solutions LLC grew its holdings in shares of SAP by 17.3% during the second quarter. Sawtooth Solutions LLC now owns 4,488 shares of the software maker’s stock worth $519,000 after buying an additional 661 shares in the last quarter. Institutional investors own 4.52% of the company’s stock.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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