SAP (NYSE:SAP) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of SAP (NYSE:SAPFree Report) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

SAP has been the topic of several other reports. Jefferies Financial Group raised shares of SAP from a hold rating to a buy rating in a report on Friday. Barclays upped their price target on shares of SAP from $156.00 to $189.00 and gave the company an overweight rating in a report on Friday, January 26th. JMP Securities reaffirmed a market outperform rating and issued a $179.00 price target on shares of SAP in a report on Thursday, October 19th. TheStreet raised shares of SAP from a c+ rating to a b- rating in a report on Monday, November 13th. Finally, BMO Capital Markets increased their target price on shares of SAP from $147.00 to $195.00 and gave the stock a market perform rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SAP presently has a consensus rating of Moderate Buy and an average price target of $181.50.

Read Our Latest Report on SAP

SAP Price Performance

Shares of SAP stock opened at $177.02 on Friday. The firm has a fifty day simple moving average of $159.68 and a 200-day simple moving average of $144.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.55 and a current ratio of 1.41. SAP has a twelve month low of $112.57 and a twelve month high of $177.54.

SAP (NYSE:SAPGet Free Report) last announced its earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.17). The firm had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.98 billion. SAP had a net margin of 20.30% and a return on equity of 9.54%. Equities analysts expect that SAP will post 5.05 EPS for the current year.

Institutional Trading of SAP

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its holdings in shares of SAP by 2.1% in the 3rd quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock worth $758,364,000 after acquiring an additional 122,135 shares during the period. Capital International Investors increased its holdings in shares of SAP by 58.2% in the 1st quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock worth $524,270,000 after acquiring an additional 1,729,492 shares during the period. Morgan Stanley increased its holdings in shares of SAP by 9.5% in the 4th quarter. Morgan Stanley now owns 2,750,865 shares of the software maker’s stock worth $283,862,000 after acquiring an additional 238,039 shares during the period. Clearbridge Investments LLC grew its position in SAP by 1.7% in the 3rd quarter. Clearbridge Investments LLC now owns 2,362,893 shares of the software maker’s stock valued at $305,569,000 after buying an additional 38,625 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in SAP by 213.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock valued at $183,507,000 after buying an additional 966,450 shares in the last quarter. 4.99% of the stock is owned by institutional investors and hedge funds.

About SAP

(Get Free Report)

SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.

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Analyst Recommendations for SAP (NYSE:SAP)

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