SAP (NYSE:SAP) Hits New 12-Month High – Still a Buy?

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays upped their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. JMP Securities lifted their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. BMO Capital Markets upped their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $248.83.

SAP Stock Up 1.3 %

The company has a market capitalization of $346.20 billion, a price-to-earnings ratio of 98.06, a P/E/G ratio of 4.53 and a beta of 1.23. The firm has a 50 day moving average price of $255.44 and a two-hundred day moving average price of $234.38. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. grew its holdings in shares of SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after buying an additional 38 shares in the last quarter. Foster Group Inc. grew its position in shares of SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after purchasing an additional 45 shares during the last quarter. Wedmont Private Capital raised its stake in SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after purchasing an additional 46 shares in the last quarter. Addison Advisors LLC grew its stake in SAP by 3.0% during the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after buying an additional 46 shares in the last quarter. Finally, Confluence Investment Management LLC grew its holdings in shares of SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock valued at $1,065,000 after purchasing an additional 49 shares during the last quarter.

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.