SAP (NYSE:SAP) Upgraded by Hsbc Global Res to Hold Rating

Hsbc Global Res upgraded shares of SAP (NYSE:SAP) to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Other analysts have also recently issued reports about the stock. JMP Securities reaffirmed a “market outperform” rating and set a $375.00 price target on shares of SAP in a research report on Thursday, October 23rd. Argus reaffirmed a “buy” rating and issued a $320.00 target price on shares of SAP in a research report on Friday, October 24th. Citigroup reiterated a “buy” rating on shares of SAP in a report on Thursday, December 11th. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, KeyCorp reaffirmed an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, SAP has an average rating of “Buy” and a consensus price target of $280.20.

SAP Stock Down 2.9%

SAP opened at $226.79 on Tuesday. SAP has a 1 year low of $224.77 and a 1 year high of $313.28. The firm has a 50 day moving average price of $242.26 and a 200 day moving average price of $264.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.11. The company has a market cap of $286.97 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 2.86 and a beta of 1.18.

SAP (NYSE:SAP) last released its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The company had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. SAP’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts expect that SAP will post 6.55 earnings per share for the current year.

Hedge Funds Weigh In On SAP

A number of institutional investors have recently made changes to their positions in the business. First PREMIER Bank bought a new stake in shares of SAP in the third quarter worth $25,000. Retirement Wealth Solutions LLC increased its position in shares of SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after purchasing an additional 69 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of SAP in the 3rd quarter worth about $27,000. Copia Wealth Management acquired a new stake in shares of SAP in the 3rd quarter valued at about $28,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of SAP during the second quarter worth about $31,000.

About SAP

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.