SAP (NYSE:SAP) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of SAP (NYSE:SAP) from a hold rating to a buy rating in a report issued on Monday.

Several other equities analysts have also recently weighed in on SAP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of SAP in a research note on Friday, January 30th. Weiss Ratings cut shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 11th. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research report on Monday, October 27th. BMO Capital Markets reiterated an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Finally, Arete Research upgraded shares of SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Stock Performance

Shares of NYSE:SAP opened at $204.65 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. SAP has a 1-year low of $189.22 and a 1-year high of $313.28. The stock has a market capitalization of $251.41 billion, a P/E ratio of 29.03, a P/E/G ratio of 2.27 and a beta of 1.17. The business has a 50-day moving average price of $231.07 and a two-hundred day moving average price of $252.60.

SAP (NYSE:SAP) last issued its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.13. The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.52%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 EPS. Equities analysts predict that SAP will post 6.55 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after acquiring an additional 1,255 shares during the last quarter. Baird Financial Group Inc. acquired a new position in shares of SAP during the first quarter worth $242,000. AQR Capital Management LLC grew its stake in shares of SAP by 49.0% in the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after purchasing an additional 5,363 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in SAP in the first quarter valued at $2,681,000. Finally, Sivia Capital Partners LLC raised its position in SAP by 2.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after purchasing an additional 69 shares during the last quarter.

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.