Barclays Cuts SAP (NYSE:SAP) Price Target to $242.00

SAP (NYSE:SAP) had its target price decreased by Barclays from $255.00 to $242.00 in a research note issued to investors on Monday, Marketbeat reports. Barclays currently has an overweight rating on the software maker’s stock.

A number of other brokerages have also recently weighed in on SAP. BMO Capital Markets lifted their price target on SAP from $175.00 to $177.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Piper Sandler downgraded SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $265.00 target price on shares of SAP in a report on Wednesday, June 10th. Finally, Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and an average target price of $264.83.

SAP Stock Performance

SAP opened at $186.38 on Monday. SAP has a 1-year low of $144.97 and a 1-year high of $299.48. The company has a market capitalization of $228.97 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 2.11 and a beta of 1.14. The business has a 50 day moving average price of $165.66 and a two-hundred day moving average price of $182.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07.

SAP (NYSE:SAP) last issued 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 20.88% and a return on equity of 17.16%. The company had revenue of $11.06 billion during the quarter. Research analysts predict that SAP will post 8.16 EPS for the current fiscal year.

Institutional Trading of SAP

Institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC boosted its holdings in SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after acquiring an additional 58 shares during the period. Bayban acquired a new position in shares of SAP during the fourth quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after acquiring an additional 129 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its stake in SAP by 83.8% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock valued at $45,000 after purchasing an additional 67 shares during the last quarter. Finally, American National Bank & Trust grew its position in SAP by 641.7% in the 4th quarter. American National Bank & Trust now owns 178 shares of the software maker’s stock worth $43,000 after purchasing an additional 154 shares during the last quarter.

SAP Company Profile

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.