SAP (NYSE:SAP) Posts Quarterly Earnings Results, Misses Expectations By $0.16 EPS

SAP (NYSE:SAP) announced its earnings results on Thursday. The software maker reported $1.85 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.16), Zacks reports. SAP had a net margin of 20.08% and a return on equity of 17.31%.

SAP Stock Performance

NYSE:SAP traded down $2.51 on Thursday, reaching $146.24. 4,302,621 shares of the company’s stock were exchanged, compared to its average volume of 3,192,365. The stock has a fifty day simple moving average of $166.14 and a 200-day simple moving average of $185.25. SAP has a 52 week low of $144.97 and a 52 week high of $299.48. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $179.66 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.77 and a beta of 1.14.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings lowered SAP from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Santander raised shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $265.00 price target on shares of SAP in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average price target of $270.83.

Institutional Investors Weigh In On SAP

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after acquiring an additional 973,779 shares during the period. Windacre Partnership LLC lifted its holdings in SAP by 130.9% during the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after purchasing an additional 1,336,325 shares in the last quarter. Northern Trust Corp lifted its holdings in SAP by 3.2% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in SAP by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock worth $291,498,000 after purchasing an additional 83,349 shares during the period. Finally, Sustainable Growth Advisers LP grew its holdings in SAP by 1,126.3% during the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock valued at $225,102,000 after buying an additional 773,720 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.