SAP (NYSE:SAP) Now Covered by Piper Sandler

Piper Sandler began coverage on shares of SAP (NYSE:SAP) in a research report issued on Tuesday. The brokerage set an “overweight” rating on the software maker’s stock.

Several other brokerages also recently commented on SAP. Argus reaffirmed a “buy” rating and set a $320.00 price objective on shares of SAP in a research report on Friday, October 24th. Citigroup cut shares of SAP from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating on shares of SAP in a research note on Friday. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Monday, October 27th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and an average price target of $305.75.

SAP Stock Up 3.1%

Shares of NYSE:SAP opened at $207.24 on Tuesday. SAP has a 1 year low of $195.12 and a 1 year high of $313.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. The business’s 50-day moving average is $238.81 and its 200-day moving average is $258.91. The company has a market capitalization of $254.59 billion, a price-to-earnings ratio of 29.40, a P/E/G ratio of 2.24 and a beta of 1.18.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Fisher Asset Management LLC lifted its position in shares of SAP by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock worth $3,887,727,000 after buying an additional 392,010 shares in the last quarter. Bank of America Corp DE increased 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 valued at $805,992,000 after acquiring an additional 973,779 shares during the last quarter. Windacre Partnership LLC lifted its holdings in SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after acquiring an additional 1,336,325 shares during the period. Northern Trust Corp boosted its position in SAP by 3.2% in the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock worth $417,113,000 after purchasing an additional 49,111 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in SAP by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,408 shares of the software maker’s stock valued at $296,828,000 after purchasing an additional 30,806 shares during the period.

About SAP

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.