SAP’s (SAP) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

SAP (NYSE:SAP)‘s stock had its “neutral” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report issued on Tuesday, MarketBeat.com reports.

Several other equities research analysts have also recently weighed in on the company. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Citigroup cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Barclays set a $283.00 target price on shares of SAP in a report on Monday, February 2nd. Arete Research upgraded shares of SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Santander raised shares of SAP to a “neutral” rating in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $305.75.

SAP Price Performance

Shares of NYSE SAP opened at $178.30 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. SAP has a fifty-two week low of $174.50 and a fifty-two week high of $313.28. The stock has a market cap of $219.04 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The stock has a fifty day moving average of $206.46 and a 200-day moving average of $238.04.

SAP (NYSE:SAP) last issued its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The business had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that SAP will post 6.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. First PREMIER Bank purchased a new stake in SAP in the third quarter valued at approximately $25,000. Retirement Wealth Solutions LLC grew its stake in 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 buying an additional 69 shares in the last quarter. Sound Income Strategies LLC grew its stake in SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after buying an additional 58 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of SAP in the 3rd quarter worth $27,000. Finally, Copia Wealth Management purchased a new stake in shares of SAP during the 3rd quarter valued at $28,000.

SAP Company Profile

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.