SAP SE (NYSE:SAP) Receives Average Rating of “Moderate Buy” from Brokerages

SAP SE (NYSE:SAP) has been given a consensus rating of “Moderate Buy” by the twenty-one brokerages that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $288.00.

SAP has been the topic of a number of research reports. Weiss Ratings lowered shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Santander raised shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. BMO Capital Markets cut their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Finally, TD Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday.

SAP Stock Up 0.1%

Shares of NYSE SAP opened at $169.69 on Wednesday. The stock has a market cap of $208.46 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.90 and a beta of 1.11. The firm has a 50 day moving average price of $175.74 and a 200 day moving average price of $212.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. SAP has a 52-week low of $158.58 and a 52-week high of $313.28.

SAP (NYSE:SAP) last announced its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The firm had revenue of $11.06 billion for the quarter. Analysts expect that SAP will post 8.35 EPS for the current year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were paid a $2.9291 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This is an increase from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. SAP’s payout ratio is presently 28.78%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SAP. Binnacle Investments Inc lifted its position in shares of SAP by 14.2% in the third quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock worth $90,000 after purchasing an additional 42 shares in the last quarter. Spire Wealth Management lifted its position in shares of SAP by 6.2% in the fourth quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock worth $180,000 after purchasing an additional 43 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of SAP by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after purchasing an additional 43 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of SAP by 22.0% in the third quarter. Harbor Investment Advisory LLC now owns 244 shares of the software maker’s stock worth $65,000 after purchasing an additional 44 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its position in shares of SAP by 2.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 2,104 shares of the software maker’s stock worth $562,000 after purchasing an additional 45 shares in the last quarter.

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.