SAP SE (NYSE:SAP) Receives Consensus Rating of “Buy” from Analysts

SAP SE (NYSE:SAP) has earned a consensus recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $248.83.

SAP has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. JMP Securities upped their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. BMO Capital Markets raised their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Barclays lifted their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th.

SAP Trading Down 3.0 %

Shares of SAP stock opened at $241.03 on Tuesday. The firm has a market cap of $296.11 billion, a price-to-earnings ratio of 83.98, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. SAP has a 52-week low of $175.08 and a 52-week high of $293.70. The company’s 50-day simple moving average is $275.73 and its 200-day simple moving average is $253.56. 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 released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, equities research analysts anticipate that SAP will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a $2.5423 dividend. The ex-dividend date is Tuesday, May 13th. This is a positive change from SAP’s previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP’s dividend payout ratio is currently 60.28%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Atomi Financial Group Inc. increased its position in SAP by 38.9% during the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after buying an additional 3,495 shares in the last quarter. Mount Yale Investment Advisors LLC increased its position in SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after purchasing an additional 11,057 shares in the last quarter. JPMorgan Chase & Co. raised its stake in SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in SAP by 152.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after purchasing an additional 249,824 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of SAP by 98.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker’s stock worth $633,000 after purchasing an additional 1,279 shares during the last quarter.

About SAP

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.