SAP SE (NYSE:SAP) Given Consensus Rating of “Moderate Buy” by Brokerages

SAP SE (NYSE:SAP) has earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $283.40.

Several equities research analysts have recently weighed in on the company. Santander raised SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $265.00 target price on shares of SAP in a research note on Wednesday, June 10th. Weiss Ratings raised shares of SAP from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th.

Institutional Trading of SAP

Institutional investors have recently modified their holdings of the company. Miller Global Investments LLC increased its position in shares of SAP by 121.2% during the second quarter. Miller Global Investments LLC now owns 4,067 shares of the software maker’s stock valued at $627,000 after purchasing an additional 2,228 shares during the period. Eastern Bank lifted its position in SAP by 109.6% in the second quarter. Eastern Bank now owns 765 shares of the software maker’s stock worth $118,000 after purchasing an additional 400 shares during the period. Parallel Advisors LLC boosted its stake in SAP by 21.5% during the first quarter. Parallel Advisors LLC now owns 7,101 shares of the software maker’s stock worth $1,216,000 after buying an additional 1,256 shares in the last quarter. NewEdge Advisors LLC increased its holdings in SAP by 10.4% in the 1st quarter. NewEdge Advisors LLC now owns 213,482 shares of the software maker’s stock valued at $36,550,000 after buying an additional 20,024 shares during the period. Finally, Henshaw Capital LLC lifted its holdings in shares of SAP by 78.7% during the 1st quarter. Henshaw Capital LLC now owns 5,162 shares of the software maker’s stock worth $884,000 after acquiring an additional 2,274 shares during the period.

SAP Trading Up 3.5%

Shares of NYSE:SAP opened at $159.47 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50-day moving average is $169.96 and its 200-day moving average is $194.33. The company has a market cap of $195.91 billion, a P/E ratio of 21.55, a P/E/G ratio of 1.76 and a beta of 1.14. SAP has a 52-week low of $148.06 and a 52-week high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The business had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. Equities research analysts predict that SAP will post 8.33 earnings per share for the current year.

SAP Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were paid a dividend of $2.9291 per share. This is a positive change from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. The ex-dividend date was Tuesday, May 5th. SAP’s dividend payout ratio is presently 28.92%.

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.