Brokerages Set SAP SE (NYSE:SAP) Price Target at $264.00

Shares of SAP SE (NYSE:SAP) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is $264.00.

Several equities analysts have weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. JMP Securities upped their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. BMO Capital Markets increased their target price on SAP from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Argus reissued a “buy” rating and set a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of SAP by 31,239.5% in the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker’s stock worth $350,644,000 after acquiring an additional 1,302,061 shares during the last quarter. WCM Investment Management LLC purchased a new stake in SAP during the fourth quarter worth $290,023,000. TD Asset Management Inc. boosted its position in SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after purchasing an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after buying an additional 798,037 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock worth $362,371,000 after purchasing an additional 701,880 shares during the last quarter.

SAP Trading Down 0.1 %

Shares of SAP stock opened at $294.00 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a market capitalization of $361.18 billion, a PE ratio of 102.44, a P/E/G ratio of 4.71 and a beta of 1.35. SAP has a 1-year low of $179.43 and a 1-year high of $303.40. The company’s fifty day simple moving average is $270.23 and its 200-day simple moving average is $261.10.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. As a group, equities 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. Investors of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. This is an increase from SAP’s previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a yield of 0.8%. SAP’s dividend payout ratio is presently 35.25%.

SAP Company Profile

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.