SAP SE’s (SAP) Buy Rating Reaffirmed at Oppenheimer Holdings, Inc.
SAP SE (NYSE:SAP)‘s stock had its “buy” rating reiterated by analysts at Oppenheimer Holdings, Inc. in a research note issued on Tuesday. They presently have a $120.00 price target on the software maker’s stock. Oppenheimer Holdings, Inc.’s target price would indicate a potential upside of 6.79% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Royal Bank Of Canada reissued a “neutral” rating on shares of SAP SE in a research report on Monday, October 16th. BMO Capital Markets increased their target price on shares of SAP SE from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, July 21st. Argus increased their target price on shares of SAP SE from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a research report on Thursday, July 20th. Finally, Zacks Investment Research raised shares of SAP SE from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. SAP SE currently has an average rating of “Buy” and an average target price of $106.91.
Shares of SAP SE (NYSE SAP) traded down $0.22 during mid-day trading on Tuesday, reaching $112.37. 518,100 shares of the company’s stock were exchanged, compared to its average volume of 721,495. SAP SE has a twelve month low of $80.93 and a twelve month high of $116.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. The company has a market cap of $138,373.11, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 3.25 and a beta of 1.14.
SAP SE (NYSE:SAP) last issued its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. SAP SE had a net margin of 15.80% and a return on equity of 15.43%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.68 billion. The firm’s revenue was up 4.0% compared to the same quarter last year. research analysts predict that SAP SE will post 4.13 earnings per share for the current fiscal year.
SAP SE declared that its board has approved a stock buyback program on Thursday, July 20th that allows the company to repurchase shares. This repurchase authorization allows the software maker to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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A number of hedge funds and other institutional investors have recently bought and sold shares of SAP. Signature Estate & Investment Advisors LLC purchased a new stake in SAP SE in the 3rd quarter worth approximately $100,000. Parallel Advisors LLC lifted its stake in SAP SE by 32.4% in the 2nd quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after purchasing an additional 234 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in SAP SE in the 2nd quarter worth approximately $132,000. IFP Advisors Inc lifted its stake in SAP SE by 29.4% in the 2nd quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock worth $152,000 after purchasing an additional 331 shares in the last quarter. Finally, Fiduciary Trust Co. purchased a new stake in SAP SE in the 2nd quarter worth approximately $157,000. Institutional investors and hedge funds own 3.63% of the company’s stock.
SAP SE Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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